Nearly 800 Meatco jobs on the chopping block

Meatco has suspended slaughter operations following the closure of international beef export markets due to the Foot-and-Mouth Disease outbreak. The Corporation says 85 percent of its earnings come from exports, putting severe pressure on its finances and its ability to sustain nearly 800 employees. Meatco is considering salary reductions, voluntary separation packages and possible restructuring to cut costs, but says no decisions have been taken. Its priority remains protecting jobs and keeping the Corporation operational. Secretary General of the National Union of Namibian Workers, Job Muniaro.

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