Meatco to retrench workers above 55 years of age

Meatco to retrench workers above 55 years of age

Meatco has announced the retrenchment of all workers above the age of 55 years.
Rosa Hamukwaya-Tobias, the manager of corporate affairs, told NBC that the restructuring will affect all levels of employment including management.
She said the retrenched workers will receive severance pay, adding that this is still being finalised with the bargaining unit, the Namibia Food and Allied Workers.
The exercise that will affect over 80 employees, is to ensure that Meatco remains competitive, sustainable and profitable.
Hamukwaya-Tobias said that the meat processor has lately been struggling with throughput at its abattoirs, because of a low supply of livestock, as farmers are rebuilding their herds after a devastating drought of about eight years.
After the restructuring exercise, the company is looking at a leaner, agile and dynamic structure to make it more robust in this uncertain global environment.
With the current interventions to adapt, Meatco said it remains optimistic about the future and its commitment to creating wealth for all Namibians.
Meatco has a workforce of about 710 employees.