Business
Workers Urge Management To Re-open Factory
Employees of Promasidor Nigeria Ltd., producers of Cowbell milk, yesterday called on the firm’s management to allow them into the premises while negotiating their welfare packages.
Our correspondent reports that the about 1,000 workers could not gain entrance into the premises at Isolo after demanding improved welfare packages.
Mr George Olukayode, the branch Chairman of the National Union of Food, Beverage and Tobacco Employees (NUFBTE), told our correspondent that the workers had not been able to enter the premises since July 31.
He said that the workers had demanded an increase in their meal subsidy and an improvement in annual increment.
“For one-and-a-half-years, the workers have been negotiating with the management on the need to increase their meal subsidy and annual increment. We have worked for 17 years since the company started operations.
“The management said they could not do anything about our demands. The issue has been presented to the Ministry of Labour and Productivity,’’ he said.
However, the Managing Director of the company, Mr Keith Richards, said that the company had to be closed pending the outcome of a meeting of its management with representatives of the Ministry of Labour and Productivity.
In a letter dated August 1, 2011, Richards said that the meeting would hold on August 3.
“I have directed that the factory remained closed to forestall breakdown of law and order,’’ he said.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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