Business / Companies

DHL workers panic

by Staff Reporter
08 Feb 2013 at 15:14hrs | 7495 Views
Workers of express logistics firm DHL Zimbabwe have expressed concern over the future of the company following the transfer of shareholding to four local individuals.

The employees are unsure of their job security and whether they will get any shareholding in the German-headquartered company which is undergoing indigenisation.

This follows an announcement on Monday by the firm's director for sub-Saharan Africa, Charles Brewer, that the company's local subsidiary is now owned by four directors.

In addition, the firm is being downgraded to an agent from a branch.

Communication and Allied Workers Union of Zimbabwe general secretary Christopher Chizura told the ZBC News that workers might miss out on the employee shares that workers in other firms have received as the company's new share structure is being kept secret.

The company's acting chief executive officer, Joe Nyamutumbu, who is one of the new shareholders, confirmed the transfer of shares, but could not shed more light on the matter.

Contacted for comment, National Indigenisation and Economic Empowerment Board General Manager for Compliance, Advocate Zweli Lunga said the board has received an indigenisation proposal from DHL although its contents cannot be disclosed now.

He said workers have nothing to fear as the responsible ministry has maintained that all workers should benefit from the process.

Source - DHL
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