Related Stories

• Harare building collapses, kills one | 2013 May 28 23:11:57
• Gold panner suffocates in collapsed tunnel | 2013 May 23 08:32:00
• Residential building collapses killing at least 45 people in India | 2013 April 05 13:38:16

A local (Bulawayo) button-making firm, Coronet Buttons and Plastics, is reportedly facing imminent collapse after its general manager quit last month due to mounting salary arrears, dating back to December last year.

The firm's 39 employees had not been paid over the past six months.

The company incorporates Heliotextile Africa.

The workers said the general manager, Msoka Banda, resigned in March over mounting debts, leaving the firm under the control of an accountant identified as Mzingaye Mdlawuzo.

"It appears no one owns this company at the moment. Only the accountant is in charge," said a worker.

"We have not been paid for six months. We are at times given $5, $10, $20 or $50 per month. As at December last year, we are owed a total of $42 000 in unpaid salaries."

Mdlawuzo declined to comment on the matter.

The workers said they would soon seek government intervention for the eventual takeover of the firm and to expedite the release of their outstanding salaries. Collapse Company
Source: newsday

Most Read Stories

Kasukuwere denies Zimbabwe indigenisation policy changes | 9908 views
FNB, OK Zimbabwe launches SA-Zim instant cellphone banking | 5406 views
'Zimbabwe mining rights belongs to Mugabe,' says Mutambara | 5148 views
Air Zimbabwe flies 12 passengers to SA on board the Boeing 737 | 5139 views
Zimbabwe's unemployment rate tops 70% | 4937 views
Tich Mataz suspended | 4736 views