‘Heartless’ Mnangagwa Ally Zunaid Moti tables Peanuts as Exit Packages for 300 ACF Retrenchees | ZIM NEWS | RZP | LATEST ZIMBABWE NEWS TODAY 24 7

In what has been broadly criticized as heartlessness on the a part of Zimbabwe President Emmerson Mnangagwa’s controversy-ridden South African ally and enterprise magnet Zunaid Moti, 300 retrenched staffers at his Kwekwe-based African Chrome Fields (ACF) are set to pocket a shy ZWL$500 (roughly equal to US$10) in exit packages.

file… Zunaid Moti’s African Chrome Fields in Kwekwe

Moti, who at one time hogged the media limelight for all of the mistaken causes following experiences that he was bent on destabilising the Sadc area by means of financing opposition events which included Nelson Chamisa’s MDC Alliance, to depose elected governments, was co-running ACF with equally controversial Zanu PF benefactor and Sakunda Holdings proprietor Kudakwashe Tagwirei.

file… Tagwirei with President Mnangagwa

Aggrieved staff mentioned in a report seen by Kwekwe-based tabloid midlandsnews, that their primary concern was that the tabled retrenchment packages had been pegged in accordance with the 2019 international alternate charges, albeit a runaway inflation which has since rendered the native forex markedly impotent on each the parallel and official market.

The employees at the moment are asking their former employer to evaluate the retrenchment packages in mild of the 2020 international forex alternate charges.
“They need 300 staff to be retrenched, with that supply, however the Staff committee is rejecting the provide, we wish the 2020 present charges which we predict (sic) grade 1 staff will get ZW$2500. The grade 16 which is the very best grade (fetches) ZW$7500,” partly reads the report.
It has additionally emerged that three conferences geared toward breaking the incumbent impass between administration and the retrenched staffers didn’t bear fruit as the employees have defiantly resolved to not put ink to the retrenchment papers.
“One of many administrators who’s in South Africa we skype-called him for a gathering, (however) he’s stubbornly providing ZW $500 as Retrenchment bundle flat payment”, the report additional alleges.

The employees additionally contend that the supplied ‘peanuts’ are in diametric distinction to the charges regime which was beneficial by the Nationwide Empowerment Council (NEC) for ferrochrome industries in August 2019.
“Administration on final assembly one of many administrators (sic) mentioned climate you just like the provide or not, as administration we’re going to retrenchment like that,” the employees allege.
In 2019, ACF ceased operations at its Kwekwe plant citing Zimbabwe’s battered world picture because the scapegoat for stunted enterprise development, coupled by a drastic drop of chrome costs in China.
Moti had initially invested US$250 million within the ACF undertaking.

Further Reporting: RZP

Author: Takudzwa Abioye

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