Guinness Sacks Director, G.Ms In 300 Staffers Lay Off Across Board Over Sharp Drop In Profit

Information filtering in have it that some 300 workers have been laid off by Guinness Nigeria plc.

Societynowng.com learnt that this development comes in the midst of revelations of a sharp drop in the profit of brewery company in the past 9 months.

Guinness Nigeria experienced an 83% percent shortfall from N84.75billion to N69.6billion

The occurrence transformed into an all time low sale of the company shares at N1.84 at the time of the annoucement.
Digs by societynowng.com have revealed a record all time share price wasn’t the only adverse effect of the major profit loss – but a shock disengagement of about 300 staffers as well.

The development reportedly came to be this month.

Sources disclosed the exercise resulted in in unrest amongst staffs at the Ogba brewery last week.

The sack of some of the staffers resulted in reorganisation which did not go down well with many.

Societynowng.com learnt top earners such as General Managers and some Directors were affected in the development meant to serve as fail safe measure in face of dwindling profit.

Added digs revealed the sack wAs carried out in the name of redundancy.

Sources however claim their is a brewering crisis over severance pay and manner of disenagement.

Some of the sacked workers are claiming victimisation.

Further revelations have it that Monica Peach the Human Resource Director is currently caught in the unravelling saga.