Fenaka transition underway with no layoffs

6 hours ago

Fenaka Managing Director Mohamed Afeef Hussain said Monday that the company hopes to transfer all its services to STELCO before the coming Ramadan, and that no staff reductions will be made at this stage. In June, Fenaka, the state-owned enterprise with the largest workforce, offered voluntary resignations with a four-month salary package to reduce staff numbers. A total of 107 employees