Job losses loom in beverage companies as production drops

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Massive job losses in food and beverage companies are expected in the coming weeks, operators and workers have said.

It was gathered that a myriad of factors such as access to foreign exchange, unavailability of raw materials and the need to observe social distancing in the factories were responsible for the decision of the management of some companies in the sector to lay off workers.

The acting Director-General of the Manufacturers Association of Nigeria, Ambrose Oruche, told our correspondent that breweries were going through a hard time because most of their warehouses were loaded with goods they could not sell. “Now, hospitality businesses are shut down and the bars have not been allowed to reopen. They have a workforce they will pay and they also integrate backwards to the agricultural sector where they are sponsoring farmers in sorghum production.”

According to him, the only thing delaying the redundancy of the workers is a need to discuss terms and conditions with the labour union. “The possibility of getting raw materials has gone down. Because of social distancing, companies with about 20 lines of production cannot run more than seven, meaning that many people are now idle, which is not productive enough.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fire will burn some people from earth.......

Buhari Govt just keeps messing shit up... 🤦🏽‍♂️🤦🏽‍♂️

Ahhh....we just discovered water during the lockdown.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines