Dangote: Mass Sack Is Tough Decision

With more than 48 workers sacked by Dangote Group due to the economic recession in the country, President/CEO of Dangote Group, Alhaji Aliko Dangote says the group was constrained to take the ‘tough’ decision because of the present high cost of production in Nigeria.

The staff affected in the mass sack were 36 expatriate and 12 local staff serving in Dangote Cement Plc and Dangote Industries Limited.

In a letter titled: Recent Retirement Exercise, Dangote said he appreciated those affected, thanking them for their contributions to the group.

The letter read in part: “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.

Story credit: vanguard.


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