This archive report was first published on 15 November 2019.
Simba Corporation has issued a statement to clarify a recent report claiming the company would be laying off the majority of its staff members. According to the company, this report is untrue and misleading.
Group CEO Dinesh Kotecha stated that the company is in the process of restructuring, which will affect less than 5% of their staff. The restructuring aims to enhance efficiency, reduce costs, and improve service delivery to customers.
Simba Corporation, a major player in the motor industry, has been in the market for over 50 years. The company attributes the restructuring to prevailing economic conditions in the market and industry.
Published on November 15, 2019, in The Standard.
Related Topics ¶
- Simba Corporation
- Layoff
- Retrenchment
- Jobs
- Cars
- Simba Corp
- Simba Colt Motors
