Unilever Zimbabwe to slash salaries by 50%

Unilever Zimbabwe to slash salaries by 50%
Published: 15 February 2017 (712 Views)

Unilever Zimbabwe has slashed salaries by 50 percent as part of a restructuring exercise the company has embarked on after it was affected by Government's move to restrict the imports of some of its products and the challenges with foreign currency payments.

Unilever Zimbabwe is a net importer after it scaled down manufacturing at the country at the start of dollarisation.

However, fast moving consumer goods importations are not on top priority in terms of foreign currency allocation.

Already goods such as Handy Andy, Domestos and Sunlight Liquid are in short supply.

Well-placed sources say the current restructuring exercise is part of the company's response to Government's recent import restriction which adversely impacted

its operations and could ultimately result in the company exiting the local market altogether.

Unilever corporate affairs director for Southern Africa Sibonile Dube said the move is in response to the prevailing economic landscape.

"Following a review of our recent performance, Unilever Zimbabwe will be restructuring its operations in response to the prevailing economic landscape which has adversely impacted our business.

"Despite taking many prudent measures to ensure business continuity over the years,

the current economic challenges are such that the company has been compelled to make further strategic interventions to maintain the viability of our business," said Mrs Dube in an emailed response to The Herald Business.

"It has therefore become necessary to rescale some operations where appropriate as well as rationalise our employee numbers," she said.

Unilever Zimbabwe has been in the country since 1943.

Mrs Dube said the potential changes have been communicated to all employees and the process is being co-ordinated with employee representatives.

"We remain mindful of the social consequences to employees who will be impacted by this business transformation. Providing the highest degree of support to our employees during this period, remains our utmost priority," she said.



- the herald

Tags: Salary, Unilever, Cut,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Man sues ex-wife over bills

by Staff reporter | 23 October 2017 | 19 Views

'He walks around undressed'

by Staff reporter | 23 October 2017 | 30 Views

Thieves bashed at masowe

by Staff reporter | 23 October 2017 | 17 Views

'BVR will detect the party one will vote for,' claim Village heads

by Stephen Jakes | 23 October 2017 | 23 Views

WHO wasn't supposed to appoint Mugabe as Ambassador

by Stephen Jakes | 23 October 2017 | 32 Views

MDC welcomes Mugabe's demotion

by Kurauone Chihwayi, MDC National Spokesperson | 23 October 2017 | 32 Views

WHO wasn't supposed to appoint Mugabe as a Goodwill Ambassador

by Stephen Jakes | 23 October 2017 | 28 Views

Churches vital in nation building

by Staff Reporter | 23 October 2017 | 32 Views

Eddie Cross battling prostate cancer

by Staff reporter | 23 October 2017 | 32 Views

MDC-T member bashed by Zanu PF thugs

by Stephen Jakes | 23 October 2017 | 34 Views

Electorate has lost interest in Tsvangirai, Mugabe

by Tinashe Eric Muzamhindo (PhD candidate) | 23 October 2017 | 31 Views

How much longer should kids tolerate the whip as a corrective measure?

by Nimi Princewill | 23 October 2017 | 47 Views

Tajamuka issues 'RED Warning Alert'

by Staff Reporter | 23 October 2017 | 81 Views

Chipanga regrets Mugabe song

by Staff reporter | 23 October 2017 | 68 Views

Mugabe's political scandal meant to manage power dynamics

by Staff reporter | 23 October 2017 | 48 Views

MPs sell fuel coupons to survive

by Staff reporter | 23 October 2017 | 39 Views

Dabengwa pokes old wounds

by Staff reporter | 23 October 2017 | 49 Views

Will elections solve the question of economic problems - ZCP

by Stephen Jakes | 23 October 2017 | 39 Views

Village heads claim BVR will detect the party one will vote for

by Stephen Jakes | 23 October 2017 | 36 Views

Lupane residents unhappy with LSU Vice Chancellor

by Stephen Jakes | 23 October 2017 | 41 Views

PDP in South Africa welcomes Rainbow Coalition

by Stephen Jakes | 23 October 2017 | 37 Views

ZimFirst bemoans three Coalitions, One Election!

by Stephen Jakes | 23 October 2017 | 26 Views

MDC-T a dream deferred?

by David Chandisaita | 23 October 2017 | 31 Views

Koeman sacked as Everton manager after Arsenal defeat

by BBC | 23 October 2017 | 38 Views

Donkey abattoir blocked

by Staff reporter | 23 October 2017 | 41 Views

Dabengwa to confront Mugabe

by Staff reporter | 23 October 2017 | 169 Views

Agent 00263: Did Mnangagwa lie?

by Sam Wezhira | 23 October 2017 | 302 Views

All set for the inaugural ZAA Australia ceremony

by ZAA International Executive: Mr Trevor Manyame | 23 October 2017 | 90 Views

Mugabe's brief success

by ZimVigil | 23 October 2017 | 132 Views

Retailers warned over rejecting plastic money

by Staff reporter | 23 October 2017 | 80 Views

UN system needs overhaul, says Mzembi

by Staff reporter | 23 October 2017 | 73 Views

Water tariff hike proposal causes stir

by Staff reporter | 23 October 2017 | 70 Views

Zanu-PF to splash $6 million on congress

by Staff reporter | 23 October 2017 | 64 Views

WHO crushes Mugabe's ego

by Staff reporter | 23 October 2017 | 93 Views