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Dangote Says More Jobs to Be Created Despite Laying Off Over 3,000 Staff

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After Sacking Over 3,000 Staff, Dangote Says More Jobs to be Created

Aliko Dangote, the President of Dangote Group, has said despite the challenges facing global economy, especially Africa, Dangote Group will continue to create new jobs.

Aliko Dangote, who spoke at the company’s 11th Annual General Meeting in Lagos, said Dangote Group has created over 54,000 jobs in four African nations where it operates. He listed the countries as South Africa, Ethiopia, Senegal and Nigeria, the company’s largest operation.

He said “According to our 2019 socioeconomic impact assessment study specifically on our operations in Nigeria, Ethiopia, Senegal, and South Africa, we sustained 54,005 jobs (direct, indirect, induced) in these four markets in the year under review.”

This was a week before Dangote Cement reportedly laid off over 3,000 staff on June 17 with a plan to return over 80 percent of its staff back to labour market.

According to a SaharaReporters report, the company has so far let go about 4,000 out of its 6,000 drivers.

An anonymous source said to be familiar with the situation said the company used staff throughout the COVID-19 stay at home order despite strict lockdown instruction. However, instead of promotion or compensation for putting their lives on the line, they were sacked.

He said “At the beginning of the year, they did an appraisal, it was supposed to be for a promotion and then the pandemic struck.

“When the pandemic struck, people were thinking that is when he will sack people but nothing like that happened as a matter of fact, the people that they have compulsory leave because of the pandemic were ordered back after just five days.

“Everyone was recalled back to work despite the lockdown and at that time they were pushing out trucks of cement around 500 to 600 every day.

“People were working overtime because it is owned by Dangote, his trucks were exempted from COVID-19 restrictions, so they forced people to work overtime like 12 yours everyday morning and night. The country was beginning to reopen little by little and then the next thing was sack,” he said.

Another victim of the mass sack said he was working as usual when he was called and compelled to sign a termination letter without prior warning.

He said, “As I speak to you, more than 3,000 people are being sacked. You will be at your duty post and they will call you and give you a letter, nobody knew, no prior notice.

“As a matter of fact, after the appraisal at the start of the year, many of us were given recommendations to be promoted to manager and other positions within the organisation.

“I was at my duty post, I got a call from the admin and when I got there, they gave me a letter and said I should sign the original collected by me, you cannot argue with anybody.

“As a matter of fact, the Head of Materials and Maintenance, Engr Basil, he has only nine people in his unit. He force them to cover the whole of the facility because they have to create evaluations for materials and make reservations for maintenance so when was asked to submit the names of nine people in his department to sack, when he refused explaining to upper management that he was already understaffed and taking out anyone will make the work to suffer. They gave him an ultimatum of 24 hours to submit names from his team for sack and when he refused to do it after it elapsed, he was sacked along with his team.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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PETROAN Begs FG For N100bn Bailout to Stop Closure of Retail Stations

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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has appealed to the federal government for a N100 billion bailout to alleviate the devastating impact of fuel subsidy removal on its members.

PETROAN explained that the sudden increase in petroleum prices, following President Bola Ahmed Tinubu’s removal of fuel subsidy, threatens one million jobs and 10,000 retail outlets face closure in the next 45 days.

National Public Relations Officer of PETROAN, Dr Joseph Obele, warned that closure of 10,000 retail outlets will lead to 1 million job losses, noting that with Nigeria’s unemployment rate already at 5.3 percent, representing over four million unemployed individuals, additional job losses would worsen economic conditions.

Obele affirms PETROAN’s commitment to supporting economic reforms while urging prompt government action to mitigate the looming economic disaster.

“Before the removal of fuel subsidy, it costs petroleum products retail outlets owners about N7million to buy a truck of PMS with a capacity of 45,000 litres. As of today, the same truck is selling for N47million. The sudden upward review of 500% has rendered about 10,000 retail outlet owners financially handicapped and incapacitated.

“The inconsistency, instability and financial turbulence of the sector have compounded the challenges, thus making it difficult for petroleum products retail outlet owners to secure funds from financial institutions.

“Consistent lamentation of our members has necessitated the collation of data at the national headquarters of PETROAN which results showed that 10,000 operators of retail outlets would be shutting down or quieting business the next 45 days if nothing is done urgently in form of interventions.

“Furthermore, the same data analysis revealed that the total workforce of these 10,000 owners of petroleum products retail outlets is over one million direct and indirect staff.

Obele also said the bailout request has been submitted to President Bola Tinubu, even as he called on the Senate President, the House of Representatives’ Speaker and the Coordinating Minister of the Economy to intervene for the quick release of the grant to salvage the economy.

According to him, the grant when approved by President Tinubu will help 10,000 retail outlet operators to remain in business and it will secure jobs for one million Nigerians.

“The grant will bring stability and business boom in the sector which will eventually trigger price reduction and employment of new persons.

“The grant request is for the benefit of Nigeria’s economy which is not far from the federal government financing of the health sector during the COVID‐19 pandemic, intervention granted to aviation operators, federal government intervention fund for the power sector and also the federal government launch of N200 billion presidential intervention fund for Micro, Small and Medium Scale Enterprises, MSMEs and manufacturers in Nigeria.”

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NNPC Helicopter Incident: Three Bodies Found as Rescue Missions Continue

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The Nigerian National Petroleum Corporation (NNPC) announced on Thursday that a helicopter en route to the NNPC FPSO, NUIMS Antan, had disappeared.

According to the NNPC, the helicopter with registration number 5NBQG took off from the NAF base in Port Harcourt at around 11:22 am before losing contact after departure.

The helicopter operated by East Winds Aviation was carrying eight people, six passengers and two crew members.

On Thursday, the NNPC confirmed the loss of communication with the aircraft, adding that the Ministry of Aviation had been informed immediately and a search and rescue team dispatched to the area.

Olufemi Soneye, Chief Corporate Communications Officer for NNPC explained that the organization is committed to the ongoing rescue efforts and extended heartfelt prayers to the families of the victims.

In the press statement posted on its official X @nnpclimited, NNPC said three bodies have been recovered while the search continues to know the fate of the remaining five individuals on board.

As families await further news, the nation remains hopeful that more survivors can be found. The NNPC has assured the public that it will provide regular updates as the search progresses.

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Meta Fires Employees For Using Office Free Meal Vouchers to Buy Household Items

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The parent company of Facebook, Instagram, and WhatsApp, Meta, has allegedly relieved about 24 staff members at its Los Angeles office of their jobs.

The affected staff were accused of using their $25 (£19) meal credits to buy items such as toothpaste, laundry detergent, acne pad and wine glasses.

It was gathered that the dismissals followed an investigation that revealed the employees had been exploiting the system, including sending food home when they were not physically present at the office.

One of the terminated employees was an unnamed worker earning a $400,000 salary.

Another sacked employee anonymously shared on the messaging platform Blind, explaining how she and her colleagues maximized their dinner credits to buy other necessities when they could get food elsewhere.

The breach was discovered as part of the human resources procedure even though one of the workers admitted to it.

According to reports, employees who occasionally bent the rules received warnings but retained their positions.

Free meals have long been a benefit for employees of major tech firms like Meta, founded by Mark Zuckerberg.

Typically, staff at larger offices, including Meta’s Silicon Valley headquarters, enjoy complimentary meals from on-site canteens.

Employees at smaller locations receive daily food credits, redeemable through delivery services like UberEats and Grubhub, with allowances of $20 for breakfast, $25 for lunch and $25 for dinner.

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