Business / Companies
AfrAsia Zimbabwe to retrench more workers
21 Jan 2015 at 07:27hrs | Views
AfrAsia Zimbabwe Holdings Limited (AZHL) plans to retrench more staff as part of the group's rationalisation programme. Last year, AZHL retrenched 83 employees.
Company spokesperson Sekai Chitemerere said the staff rationalisation was aimed at stabilizing the business, focusing on cost containment, optimizing resources and identifying growth opportunities in the financial services sector.
The streamlining of operations is ongoing.
The Group is continuously monitoring progress, ensuring efficiency throughout the processes and remains ready to respond to any emerging challenges and opportunities in the economy, she said.
The group committed to pay employees retrenched last year over a period of six months.
AZHL is lagging behind in paying the retrenchees.
They have assured the ex-employees that the Group remains fully committed to meeting the obligation to pay retrenchment packages, Chitemerere said, adding that communication with the concerned staff members was ongoing although the details of such payments remained a confidential matter.
Company spokesperson Sekai Chitemerere said the staff rationalisation was aimed at stabilizing the business, focusing on cost containment, optimizing resources and identifying growth opportunities in the financial services sector.
The streamlining of operations is ongoing.
The group committed to pay employees retrenched last year over a period of six months.
AZHL is lagging behind in paying the retrenchees.
They have assured the ex-employees that the Group remains fully committed to meeting the obligation to pay retrenchment packages, Chitemerere said, adding that communication with the concerned staff members was ongoing although the details of such payments remained a confidential matter.
Source - newsday
