The Zambia Forestry and Forest Industry Cooperation (ZAFFICO) management has assured its employees of job security when the company is listed under the Lusaka Stock Exchange ( LSE ).
Zambia Forestry and Forest Industry Cooperation Board Chairperson, Jacob Mwitwa says since it was now the policy of the Industrial Development Corporation to list all state owned companies under the Lusaka Stock Exchange the development should not instill fears of job losses among its staff.
The policy does not any way make any employees loose employment and has since told the workers to continue doing the best for the company and ignore rumours going round that ZAFFICO will lay off some of its workers, says Professor Mwitwa.
ZANIS reports that the ZAFFICO Board Chairperson said this during the ZAFFICO Plantation and Tea Estate Division 2017 end of year party at Uphill Country Lodge in Kawambwa District.
“ the policy is a progressive policy that aims at making state owned companies like ZAFFICO raise more capital for re-investment and in turn creating more job opportunities, “ he said.
And Kawambwa District Commissioner, Ivo Mpasa who graced the occasion appealed to ZAFFICO Board and Management to demarcate part of its land for the out-grower scheme as a way of empowering the local people.
Earlier ZAFFICO Managing Director, Frightone Sichone said the company has fully taken over the running of former Kawambwa Tea Estate and that management is currently revisiting the working conditions for its workers to make them be in line with those of their counterparts at ZAFFICO.
Mr. Sichone who is also Chief Executive Officer for the two entities urged the workers to continue being disciplined, loyalty and work hard to become more productive.
There is no news here, is Jonathan trying to justify the 5,000 ZAFFICO employees? We need his response on Mukula
Is this not the same Tea plantation that PF went to open after finding an investor during the elections? Its now back to ZAFFICO.
Another Mulungushi textile…..
Its game over PF. Lies have a way of catching up… lets see what lie you will take to Kabwe in 2021 thats why even you PF MP is Kabwe is about to abandon you.
Those criminals from upnd who were joined by their criminal friends from PF have been arrested after stealing K30k from the drivers and staff of that ZAFFICO convoy. That was purely a ZAFFICO operation, those criminals were sponsored by the useless opposition in upnd to discredit the government as Garry Nkombo has been accusing the president of being involved at their s.t.u.p.id press briefing. Once again, the childish schemes of upnd are failing….
Iwe Zambian citizen you don’t sound like a Zambian at all. You are always averse to what Zambians want.
Leave the youths alone! You want to accuse them of stealing a K30,000 after you have stolen Mikula worth millions of dollars. And you sound as excited as a 2 year old child who has been given sweets. Why do you delight in things that bring misery on your fellow human beings. You fool.
The titles MD, Managing Director, and CEO, Chief Executive Officer typically mean the same thing. Both refer to the operational leader of the business. Both would normally be appointed by and report to the Board of Directors. Both are employees of the business, engaged to do a clearly defined set of tasks with clearly identified performance targets.