Everybody Blame Recession As Dangote Sacks 36 Expatriates, 12 Of Which Are Nigerians


About 48 workers has been repotedly fired by the renowned Dangote Group as a result of economic downturn currently ravaging the nation. Those affected, source said subsume 36 expatriate and 12 local staff serving in Dangote Cement Plc and Dangote Industries Limited. There are indications that their sack was undisconnected with the current high cost of running business in the country resulting from the eminent lack of foreign exchange and sky-high exchange rate.

The President/CEO, Dangote Group, Alhaji Aliko Dangote, in a letter entitled Recent Retirement Exercisedated October 20, 2016 disclosed that the group was left with no other option than to sack them because of the present high cost of production. Dangote The used the meduium to thank those affected for their contributions to the company.

 The letter partly read:  “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.” The group, however, promised that it would continue to review and restructure its human capital deployment to ensure optimal allocation of skill sets and size of workforce as an international organisation. The group urged its workers to shun late coming, improper dressing and other unsavoury behaviours in the workplace.  

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Aisha Abubakar Minister seeks U.S. support to attract investors into Nigeria

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Hajiya Aisha Abubakar, the Minister of State for Industry, Trade and Investment, has called on the U.S. to support Nigeria to attract more investors into the country. Abubakar made the call when the officials of Nigerian- American Chamber of Commerce paid her a courtesy visit in Abuja on Friday. ``America is a world leader in terms of investment and we will need your support in assuring investors that Nigeria is open and safe for business,’’ she said. Abubakar said there has been a lot of improvement in the relationship between the two countries in the last one year. She added that the country has put in place strategies to improve on its ranking on doing business. ``I thank you for the support in the area of doing business because as a result the easy of doing business committee has been constituted by President Muhammadu Buhari,’’ Abubakar said. She thanked the group for inviting and sensitising the ministry on the forthcoming U.S.-Nigeria Finance conference coming up in October. Abu...
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