Stella Dimoko Korkus.com: Job Losses Extends To Expatriates in Multinationals

Advertisement

Advertisement - Mobile In-Article

Monday, 20 March 2017

Job Losses Extends To Expatriates in Multinationals

The wind of redundancy sweeping across the labour force in the country has affected expatriates employed in multinational companies, investigations have revealed.


It was learnt that most of the affected expats, who were majorly citizens of India, China, the United Kingdom and the United States, were employed in the food and beverage sector as well as the oil and gas sector.


According to sources, while some of the expatriates have been disengaged, others have simply been redeployed to the home countries or other nations where the companies are in operation.

As a cost-cutting measure, many employers have embarked on massive sacking of workers, a move which labour unions have vehemently opposed.

Findings revealed that many employers that could not sack their workers resorted to slashing of salaries and/or allowances.

The drop in oil prices and the country’s output has affected Nigeria, whose revenue generation is 90 per cent dependent on oil, adversely impacting its foreign exchange inflow. The scarcity of forex to import raw materials has caused many manufacturers to record low capacity utilisation and reduce their workforce.

Edited from Punch


20 comments:

Ibukunoluwa said...

I just tire for everything for this naijašŸ˜±

Una good morning

Justyswt said...

Hmmm, the expatriates are beginning to feel the heat we Nigerians are facing. May god help. Atleast these companies will look inward.

sexy Daddy said...

When people says there is a casting down,I will continue to shout there is a lifting up.

Cynthia Iyede said...

It is well.

Duchess Jaz said...

Lord have mercy!!! Good morning Stella and my fellow bvs... may we have a good week

Ijeoma said...

My hubby was also given a sack letter last Friday morning, this is the worst thing a family should experience,I don't even wish it for my enemy but I have faith that this is just a stepping stone to greater things that God has prepared for my family. God bless Nigeria

Blackberry said...

Plus bad policies!

Madam B said...

It is well

Miss Ess said...

The economy is affecting everybody

Beautiful Eagle said...

The amount they pay the expats can be used to pay many indigenes who do the actual work. I feel for the expats sha

Yori Yori Princess Loveme Jeje said...

Eayah Ijeoma. Sorry about that. God will make a way for him. He should just relax and dont stress his mind because something good will come.

Buhari has resumed now? Una vote for change ooo, lets manage it

Poco Poco said...

Bad market for some prostitues and runz girls that feed through this expatriates.

Pffft said...

Stay strong Ijeoma.

Sometimes it's just a necessary step on the ladder for much better things.

Mao Akuh said...

Life

Anonymous said...

Sorry Ijeoma,keep being positive, its well.

THELMA'S CAKE WORLD said...

God help us all....Nigeria is becoming something else.

Anonymous said...

That was why my hubby had to relocate.. Nigeria is really though

jelly said...

My God bring Nigeria back to how it used to be

SDK Lastborn said...

Choosing not to believe in the devil does not stop him from you

SDK Lastborn said...

Stay strong
Pray too
Improvise quick
Don't wait

Related Posts Plugin for WordPress, Blogger...