Changes being brought to the structure of MIFCO staff and salaries

A decision has been made to bring changes to the employee and salary structure of the Maldives Industrial Fisheries Company (MIFCO).

The government brought the company under the State Trading Organization (STO) last year as a subsidiary. While the company was in a financial crisis, the government brought the company under STO and re-registered with 99.99 percent share of STO and 0.01 percent of Allied Insurance.

In a memo sent to the employees of MIFCO this week signed by the CEO, Adhlee Ismail, he said that the company would introduce a new structure in an effort to climb out of the financial crisis of the company, improve the services and reduce losses.

The CEO of MIFCO said that some employees may be transferred to other sites and departments along with possible changes to salaries.

Adhlee said that the employees would be informed on the changes and how it would affect them ahead of time.