Business Hilights
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Julius Berger reacts to recession, fires 6,000 workers, celebrates 878

In what may be seen as reaction to the prevailing recession and associated forex crisis, construction giant, Julius Berger has compulsorily retired at least 6,000 workers within the last two years.

However, another brighter angle to the development was the celebration of about 878 dedicated staffers who were appreciated with long service award recently.

0065plaining more on the development to Business Hilights, the Executive Director, Administration of the group, Alhaji Zubairu Ibrahim, said the decision to downsize the workforce was a painful one but necessary in order for the firm to remain in business.

He said “As the recession bites harder, we have to reduce our staff strength by 6,000 to remain in business. It was painful but it was a difficult decision we have to take, however, all the staff that were laid off were paid all their benefits including their contributory pensions, we have also informed them that we are going to re-engage them soon as things improves because we know that we spent so much in their various trainings hence the company cannot afford to lose them total.”

Given details of the lucky 878 staff who received the long service awards, Zubairu Ibrahim noted that the deal was in appreciation of our dedicated staff who have put in between 10 to 40 years of continuous service to the company.

The awardees received various prizes ranging from 26’’flat screen colour Plasma television, various months of salaries, Service Plaque, transport to Meal subsidy among others.”

No less than 2,000 staff also benefited from the company’s various trainings in 2016, while seven staff got promotions from junior to senior staff category, 25 staff received special bonuses, 65 students were trained by the company on industrial wealth schemes while it employed some National Youths Service Corps members.

Responding on behalf of other awardees, an Assistant Superintendent, Carpentry Division at Julius Berger Plc, Mr. Ezinne Timothy expressed appreciation to the company having served for 40 years.