Coca-Cola Bottling Company is laying off over 250 employees as part of efforts to enable it stay in business.
The Company began the process today following the worsening effects of the current power crisis on its operations.
Speaking to JOY BUSINESS, General Secretary of the Industrial and Commercial Workers Union, Solomon Kotei said his outfit is inundated with redundancy letters from manufacturing companies.
“Most of the manufacturing companies and hospitality industries, in fact the overheads are becoming astronomical. The indications that we are getting almost every day is becoming disturbing,” he said.
This, he said has affected production levels of many companies. However, he said his office would be meeting management of the Coca-Cola Bottling Company to see how best the situation can be saved.
“The rate of unemployment, you know it better than I do and therefore if you are to do anything that will increase the unemployment situation we have to get to the blackboard to see what we can do to support the economy and including we the workers ourselves and to save the employers' investments.”
He warned the unemployment situation in the country could worsen if drastic measures are not taken to address the power crisis.
Meanwhile, Government has announced that it is expecting some 300megawatts of power following near-complete repair works on power plants at the Takoradi International Company (TICO).
Have your say
More Business Headlines
- Gov’t to sanction state, private entities that fail to enforce TIN requirements
- GUTA boss calls for change in procurement system
- Ghana to raise $750 million through London IPO of minerals fund
- Nigeria raises $2.86 billion in Eurobonds to fund deficit
- Institute of Directors want directors on public, private boards certified
- More intrapreneurs, not more entrepreneurs
- Mr. Accreditation, enough of booklong MBA graduates
- Fidelity Bank increases support for women, youth development
- #YourBudget2019: E-waste management program to create 20,000 direct jobs
- #YourBudget2019: Establishment of National Development Bank on course – Ofori-Atta
- 2019 Budget: Century Bond will end ‘hand-to-mouth existence’ – Ofori-Atta
- 79 factories under 1D1F to be constructed by end of year- Finance Minister
- Achievements of the Akufo-Addo gov't in 22 months
- Gov't to launch Rearing for Food and Jobs program to check imports
- Gov’t targets 7.8% GDP growth in 2019