Dangote
Dangote Group, owned by Africa’s richest man, Aliko Dangote, has sacked 48 persons working with the company.
Those sacked include; 36 expatriates and 12 Nigeria workers, who were mainly based at their headquarters and one of the subsidiaries of Dangote Cement plc.

The decision to reduce the staff is because the company said they were spending so much on footing the bills of some of the relived staff who are expatriates, while the Nigerians were sacked in line with disciplinary action taken against them for their misconduct.

It was also gathered that the decision to sack some of the workers was also because of the low productivity and income generated by Dangote group as a result of the current economic recession which is biting deep in the economy especially on big companies who rely on foreign exchange to run their businesses.

It was also gathered that the huge increase in foreign exchange being paid to the expatriate workers had become too expensive to foot as against paying a Nigerian worker because of the continuous depreciation of the naira and the unavailability of dollars.

In a letter signed by the President/Chief Executive Officer, Dangote Group, Aliko Dangote, dated Thursday, October 20, 2016, the firm stated that it was constrained to take the decision due to economic factors which are affecting the productivity of the company.

The letter, which was titled: ‘Recent Retirement Exercise,” appreciated the efforts of those who were affected for their immense contributions and value added to the company.

According to the content of the letter, it read:

Star