Recession Toll: Dangote Sacks 36 Expatriates, 12 Nigerians

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Africa’s richest man, Aliko Dangote, has fired 48 members of staff due to the current recession rocking the Nigerian economy.

Dangote Group one of the biggest employers of labour in the country outside of the government  sacked 6 expatriate and 12 Nigerian workers from the group’s headquarters and one of the subsidiaries, Dangote Cement Plc.

Punch reports that the huge amounts in foreign currencies being paid to the expatriate workers had become a burden on Dangote due to the steady depreciation in the value of the Naira and the difficulties of raising enough dollars.

For the affected Nigerians, it was gathered that most of them had disciplinary issues, which made it easy for the group to do away with their services.

READ ALSO: This Is A Must See!!! Photos Of African’s Richest Man, Aliko Dangote’s Luxury House

When contacted on Sunday, the Group Head, Corporate Communications, Dangote Group, Tony Chiejina, said he could not speak on the development.

However, in a letter signed by the President/Chief Executive Officer, Dangote Group, Aliko Dangote, dated Thursday, October 20, 2016,the firm stated that it was constrained to take the “tough” decision as economic factors had affected the cost of production.

The letter, which was titled: ‘Recent Retirement Exercise’, however, appreciated those affected for their contributions to the growth of the group.

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