|GMB to retrench|
|Sunday, 01 July 2012 00:44|
The Grain Marketing Board (GMB) intends to lay off 800 workers as part of a broad-based restructuring exercise aimed at ensuring the parastatal, which has over the years struggled to break even, operates profitably.
“In order to achieve strategic alignment, GMB intends to reduce staffing levels to 1 300 permanent employees through a combination of organisational restructuring and a retrenchment exercise.
This will release the much-needed resources to more productive uses,” he said.
The increment, which will be backdated to last month, will see the lowest paid worker getting US$273,76, up from US$230, while workers in the C3 grade will take home US$458,18.