East African Portland Cement Offers Staff Voluntary Early Retirement
The East African Portland Cement Plc has announced a voluntary early retirement program as part of a continuing staff rationalization program to achieve sustainable operational costs in view of current levels of productivity.
The restructuring, according to the company, takes cognizance the interests of the various stakeholders in the course of the business rejuvenation process.
EAPC Plc Ag. Managing Director Stephen Nthei said the program “is a one time opportunity and will be open to all employees.”
Applications shall be expected between 28th May and 15th June 2020 according to the MD.
In a written communique to staff, the acting Managing Director affirms that the Company will be in continuous consultation with staff over this period to ensure that they receive the support they need throughout this process in a humane manner.
In the communique, the MD said that the industry has witnessed a significant decline in productivity, resulting in depressed revenues and manpower utilization leading to unprecedented job losses. The company says their primary intent is to be as transparent as possible and provide the employees with choices as they continue to reshape the business as a win-win approach to staff issues.
The Acting MD said they remain totally focused on managing the company’s cost base, affirming that the restructuring will not have any negative impact on the services and products they provide.
We will ensure that the Company retains the capacity to meet the needs of our customers, as well as the wider industry requirements,” EAPC Plc Ag. Managing Director Stephen Nthei