Naushad Noorali Merali, the chairman of Sameer Group
Sameer Africa, the company owned by Rogue businessman Naushad Merali is facing challenges and has written to employees about an impending restructuring programme.
Recently, a local media house reported that the company had dismantled the Nairobi Tyre manufacturing factory equipment to relocate to India.
In a letter seen by the editor of this site (attached at the end of this article), Sameer group states that it is facing 'challenges occasioned by a weak regulatory environment that has resulted in erosion of our customer base due to proliferation of counterfeit products.
The letter continues to say that, 'In order to ensure the long-term sustainability of the business and continuous alignment of our business model to the trading environment, we continue to critically assess the human resource component of the business'.
Following a detailed assessment of our business needs, it has become evident that we will require to carry out a restructuring programme. The implication of this is that a significant number of positions/roles at the company, will become redundant.
Consequently, the Board of directors at a meeting held on 15th May 2019 has approved a retrenchment exercise to take effect from June 2019.
ALSO READ: Sameer Africa Group Chairman, Naushad Merali In New Bribery Scandal Here below is the letter: View document