Nov 23: Penden Cement Authority (PCA) beings initiative to downsize its employees’ size, especially targeting to lay off lower level staffs.
The company says, lay-off of staffs was important for improving efficiency of the company and make it more economical.
The company had formally decided to downsize last October however had not taken action.
PCA has about 628 permanent staff and declared a dividend of Nu 82.26 million in 2009.
About 30 employees have applied for the voluntary retirement service so far in hope to get all the benefit while getting away from the company. Most of these employees are from the security division since the company decided that all security personnel will be oursourced.