Business / Local
Another Bulawayo company faces collapse
07 May 2012 at 07:50hrs | Views
A local (Bulawayo) button-making firm, Coronet Buttons and Plastics, is reportedly facing imminent collapse after its general manager quit last month due to mounting salary arrears, dating back to December last year.
The firm's 39 employees had not been paid over the past six months.
The company incorporates Heliotextile Africa.
The workers said the general manager, Msoka Banda, resigned in March over mounting debts, leaving the firm under the control of an accountant identified as Mzingaye Mdlawuzo.
"It appears no one owns this company at the moment. Only the accountant is in charge," said a worker.
"We have not been paid for six months. We are at times given $5, $10, $20 or $50 per month. As at December last year, we are owed a total of $42 000 in unpaid salaries."
Mdlawuzo declined to comment on the matter.
The workers said they would soon seek government intervention for the eventual takeover of the firm and to expedite the release of their outstanding salaries.
The firm's 39 employees had not been paid over the past six months.
The company incorporates Heliotextile Africa.
The workers said the general manager, Msoka Banda, resigned in March over mounting debts, leaving the firm under the control of an accountant identified as Mzingaye Mdlawuzo.
"It appears no one owns this company at the moment. Only the accountant is in charge," said a worker.
"We have not been paid for six months. We are at times given $5, $10, $20 or $50 per month. As at December last year, we are owed a total of $42 000 in unpaid salaries."
Mdlawuzo declined to comment on the matter.
The workers said they would soon seek government intervention for the eventual takeover of the firm and to expedite the release of their outstanding salaries.
Source - newsday
