ZIMASCO set to retrench 200 Workers

By James Mutasa

Zimbabwe Mining And Smelting Company (ZIMASCO), the largest integrated ferrochrome producer in Zimbabwe, is reportedly set to compulsorily retrenched over 200 workers from its various subsidiaries around the country.

Sources say those workers to be retrenched are from the company’s branches in Mutorashanga, Shurugwi, Harare and Kwekwe.

In a notice of compulsory retrenchment written to each worker, ZIMASCO offers no package and gives the workers May 31, 2024, as the last working day.

The affected workers have refused to sign the retrenchment letters in the absence of any mention of packages and the short notice.

According to the notice, ZIMASCO said it had arrived at the decision to retrench in response to poor prices on the international market and other challenges. Reads part of the notice:

“Further to the brief from the executive chairman shared with you recently, the Company hereby advises that your position was made redundant through restructuring and was declared excess to the company’s immediate requirements. You have thus been listed for compulsory retrenchment which processes are commencing with immediate effect.”