Business / Companies
Hwange Colliery in drastic cost cutting measures
09 Oct 2016 at 08:22hrs | Views
Workers at the struggling Hwange Colliery Company Limited (HCCL) will from this week report to work for two weeks per month.
This is part of measures to cut costs.
HCCL managing director Engineer Thomas Makore said "We will be implementing a two weeks in two weeks out programme from next week in all departments in order to cut costs and to align our cost structure to our current business activity. Already management took a 50 % salary cut with effect from April this year."
"The issue of down-sizing of the workforce is a matter that needs to be looked at as a last resort.
"The two weeks in two weeks out programme is one of the measures we are taking as we consider options to reduce our cost base" he added.
This is part of measures to cut costs.
HCCL managing director Engineer Thomas Makore said "We will be implementing a two weeks in two weeks out programme from next week in all departments in order to cut costs and to align our cost structure to our current business activity. Already management took a 50 % salary cut with effect from April this year."
"The issue of down-sizing of the workforce is a matter that needs to be looked at as a last resort.
"The two weeks in two weeks out programme is one of the measures we are taking as we consider options to reduce our cost base" he added.
Source - Byo24News
