Monday, August 8, 2022

Bolux upbeat on business after plant shutdown

A month after closing its biscuit manufacturing plant for failing to meet threshold targets, the Bolux Group says there are positive developments in most business areas.

Management stated that they are focused on the long-term sustainability of the business.

Gabriel Mosinyi, the Group Human Resource Manager, said that action plans following the shutdown are in place, with resulting financial benefits expected within the next few months.

Mosinyi this week sought to downplay the impact of the biscuit plant shutdown on the Bolux Group’s image.

“We are engaging our stakeholders on strategic issues affecting the organisation to ensure they have full information on our business as well as to strengthen our business relationship,” he said.

Closure of the plant on 12th January left close to 100 employees jobless. A few days after the shutdown, Johann Swanepoel, the Group Product and Business Development Manager, said the company would for the long term examine all possible alternatives to support employees left in the lurch.
Mosinyi said that former employees who were affected by the shutdown would receive first priority when the company recruits for any vacancies that may arise. However, this is provided they met the required minimum criteria as per the Employment Act. For the remaining 550 employees, a sustainable future is certain, he added.

The human resources manager further said all affected employees had a one-on-one interview with the company officers, who explained the calculations of their terminal benefits in detail. These include severance benefits, pension, retrenchment package, notice pay and leave pay.


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