ZAFFICO assures workers of job security despite listing on LSE

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.

Hits: 18