Following the government’s decision to restrict imports of some of its products Unilever Zimbabwe has slashed salaries by 50 percent as part of a restructuring exercise. The move to restrict imports has been necessitated by the shortage of foreign currency in the country.
The Unilever is a net importer and has been adversely affected by the import restrictions and the RBZ priority list.
Unilever corporate affairs director for Southern Africa Sibonile Dube in an e-mail said:
<blockquote>Following a review of our recent performance, Unilever Zimbabwe will be restructuring its operations in response to the prevailing economic landscape which has adversely impacted our business.
…It has therefore become necessary to rescale some operations where appropriate as well as rationalise our employee numbers
…We remain mindful of the social consequences to employees who will be impacted by this business transformation. Providing the highest degree of support to our employees during this period, remains our utmost priority</blockquote>
More: <a href="http://www.herald.co.zw/unilever-in-50pc-salary-cuts/">Herald</a>

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