Tough economic times prompt Unga Holdings Limited to restructure organization, leading to potential job losses.
In a recent House Notice, Unga Holdings Limited, encompassing Unga Limited and Unga Farm Care (EA) Limited, acknowledged the adverse impact of the challenging economic climate on their business. Declining volumes and margins, coupled with consistently below-budget sales, have necessitated cost-cutting measures. Despite efforts to align costs with anticipated performance, the company now faces the need for organizational restructuring, resulting in potential redundancies.
While Unga Holdings actively seeks alternatives to compulsory redundancies, they anticipate a maximum of 50 employees across various locations and departments being affected. The selection process will be guided by objective criteria, including skill, ability, and reliability.
Employees are encouraged to voice concerns, seek clarifications, and share questions. Support is available through ICAS, the Employee Assistance Programme, for both individuals and their families via toll-free lines, SMS, WhatsApp, and email.
Unga Holdings Limited expresses gratitude for the professionalism displayed by their workforce during this challenging period.
Published: 24th November 2023