Sources said retrenchment was imminent, as chromite ore deposits had diminished to alarming levels.
But employees have argued that the move is a deliberate effort to scupper the government’s indigenisation drive.
Management sources said the CEO, Sidwell Jena, recently sent a memo to managers in all divisions, informing them that workers will be forced to go on rotational unpaid leave pending retrenchment.
The company is currently operating Peak Mine in Shurugwi after it closed one of its mines in the town’s Railway Block, a couple of years ago.
One of the managers at the Head Office in Harare, Reason Mandimika, refused to comment and referred all questions to the public relations manager Clara Sadomba, who could not be reached at the time of going to press.
Workerssaid senior management at theShurugwi division received top of the range vehicles at the beginning of the year.
“All senior managers recently got new top of the range vehicles costing between $30 000 and $50 000 yet they tell us that the company is struggling. Production is high and there is no way they can tell us that the company is facing challenges,” said an irate worker who refused to be named.
ZIMASCO, a member of Sino steel, has four chromiteore mining divisions along the Great Dyke.Post published in: Business