A letter signed by chairman of the group, Aliko Dangote, states that the company is currently embarking on restructuring due to high cost of production in both factories.
The letter states that this year has been the most difficult for the group. Part of the letter reads
"This year has been a very challenging one for us as a business. The unavailability of foreign exchange, coupled with an unprecendented hike in exchange rate has resulted in increased costs across the organisation. This called for a proper review and adjustment of our costs across board to ensure efficiency and effectiveness in the deployment of our factors of production in a bid to eliminate redundancy that we know exist, which resulted in some tough decisions which means losing staff, including some of our colleagues. On Friday, October 14, 2016, we began the process of staff cutbacks as it is imperative to review our human capital deployment for required cutbacks that would ensure efficiency and eliminate redundancies in the allocation of human resources. This first phase of this exercise involved the cutback of 36 expatriate staff across the Dangote Cement Plc and Dangote Industries Limited and 12 local staff in Dangote Industries Limited.”
24 comments:
Too bad
Dis is nt gud for our country. D funniest thin is dat most of d wailers supporting apc ar suffering from dis recession too. Is dat not stupidity?
Good news,this is just genesis.
WHY SACKING THEM HUH? BUT U WANT TO BUY ARSENAL HUH? dude stop fooling ur self u sack them for a reason not because of the apc so called scam recession.
WHEN WILL IT HIT MIKE ADENUGA,ALAKIJA AND OTHER HAUSA LOOTERS HUH?
freeborn laugh and dance.
#sad indeed
Good news,this is just genesis.
WHY SACKING THEM HUH? BUT U WANT TO BUY ARSENAL HUH? dude stop fooling ur self u sack them for a reason not because of the apc so called scam recession.
WHEN WILL IT HIT MIKE ADENUGA,ALAKIJA AND OTHER HAUSA LOOTERS HUH?
freeborn laugh and dance.
#sad indeed
Affecting businesses, and businesses make up the economy. Buhari sha.
Shebi una dey see wetin buhari dey cause? He promised to create 500k jobs under one year of his administration.. But what's happening today, the few that are employed are losing their jobs because of economic illiterate buhari.... When Wole Shonyinka called buhari economy illiterate, some of you guys went for his head.. Hope what is happening today justified his statement.. Buhari is a demon sent by devil to torment Nigerians.. Only Jesus can save Nigerians... Watch and pray people demons are at loose
........... Liber maniac...........
It's well
OMG...This is really sad,God abeg oh!
Well atleast the brunt of the decision rested heavily on the expatriates than the locals. It's a lil relieve compared to if the hammer fell hard on our people, means more people thrown into unemployment circle
Linda why would he not do it. the market is tight. Dansa a sister company in the Dangote industry is owing 7 months of salary with other SBUs. its sad. The dangote companies are not glamorous has we see from outside. all the wealth na wash.
Seen.
E NEVER START. RECCESSION NA FOR DOS WEN DE DO FAKE BUSINESS LIKE DANGOTE WEN JUST DE IMPORT N REFILL.
PIPLE LIKE ORJI UZO KALU, IFEAYI UBA, OWNER OF NEXT, DEM NEVER COMPLAIN.
HMMMMMMMMMM...
NAWA O.
AUNTY LINDA 👩
chai
-D great anonymous now as Vivian Reginalds
This year has ot only been the most challenging to Dangote group but to other busnesses existing in Nigria. Lots of busnesses are folding up,people are closing their shops.all thanks to Buhari with his blame game.very soon 2019 go reach;make e no just worry himself.
Ewooo even d richest man follow join too
Na this useless dolapo wey rise dey cos all this palava.
Even Naija s heavyweight dey feel the heat .Hmmmm
.....This first phase of this exercise involved the cutback of 36 expatriate staff across the Dangote ........
the one comingfor the locals is still doin press-ups.
Dude we all know everything behind this. 48 workers to small if recession hold u. U have over hundred tthousands workers and jst 48 left is now recession. U recently bought oil well in Holland and u call it recession. My dear stop fooling us. Tell us what they did.
You are such a demented bastard!! Well what do you about losing a job? You spend your miserable and empty life spewing hate on Linda's blog
High time Linda stopped enabling your madness
Omo ale
The reach also cry? Haba! Cement merchant?
Why are Nigerians so ignorant and uneducated even with big certificates? What has recession got to even do with Buhari? Nigeria as a country produces nothing and is mainly dependent on income derived from Oilnfor at least 50 years now. The decline in income started at the end of 2014 and your and previous adminstrations including your beloved Saint GEJ did not diversify nor save but rather embarked on sharing money in dollars for his relection. That alone buried the Naira automatically. Every oil nation is going through tough times at the moment. Even Saudi Arabia, the biggest oil producer have cut jobs and paychecks of its officials.
Buhari is trying . He inherited a mess and came into office at a very dufficult time. The old man is trying to block leakages, but does not mean he has no blame too. I would rather expect cut in salaries of overpaid irrelevant National Assembly workers.
Dangote is doing what every business does at a difficult period. This is why I worry abt people like Linda who have gone out financing a new business excessively at this time. Nigerians should educate themselves and stop being frustrated out of ignorance.
Read informative articles online not just gossip blogs to understand how the world, government and businesses function. A whole Saudi had a $100billion deficit let alone Nigeria.
Are they blaming their leader or are they not making adjustments and working on how to make its future better?
I can't deal with empty brains I swear. Just this article is enough to explain tough times for Oil based economies smh..Everything Buhari APC..Tufiakwa
http://mobile.nytimes.com/2016/09/27/world/middleeast/saudi-arabia-cuts-salaries-oil.html
*Linda's Future Hubby*
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