Home » General » Zimpapers Given Green Light to Retrench

THE Zimpapers Group is on a massive retrenchment drive which will affect all departments owing to poor business and viability problems.

The country’s largest newspaper publishing company publishes the Herald and the Sunday Mail which act as defacto state diaries amongst many other regional newspapers.

Sources at Zimpapers said the company was incurring heavy losses due to its creaky printing press which is always under maintenance.

They said the printing press, which was bought by the then Chief Executive Officer Justin Mutasa, was giving the company some problems with engineers spending most of their time in South Africa looking for spare parts.

In a notice sent to reporters and seen by NewZimbabwe.com at the Herald House newsroom the company is asking reporters to voluntarily retire before it identifies staffers suitable for retrenchment.

An official at the company’s Human Resources department told NewZimbabwe.com that the voluntary retrenchment dates have been extended to 16 February because of the low uptake of the offer.

The official said those wishing to retire will however be given a golden hand shake.

“The retrenchment package will be calculated in accordance with the years served. It is going to be a one month’s salary for every year served and a one month salary for relocation,” said the official.

Herald’s chief photographer Regis Nyandima and entertainment reporter Jonathan Mbiriyamveka are the two journalists who have so far taken the offer.

A farewell party was on Friday held at the Herald house for Mbiriyamveka who has since left the publication after working for more than a decade.

Zimpapers acting Chief executive Pikirai Deketeke confirmed that the company was retrenching but refuted reports that they were facing viability challenges.

“We are having voluntary retrenchment and we have received a huge number of individuals wishing to retire and this is the reason why we have extended the dates to 15 or 16 February,” said Deketeke.

“We have gone to the retrenchment board which has given us a green light to do so”.

Deketeke could however not disclose the number of individuals who have since volunteered to retire.

Source : New Zimbabwe