'Voluntary redundancy offered as many staff w/o work'

6 hours ago

Fenaka Corporation’s Managing Director Mohamed Afeef says the company introduced a voluntary redundancy scheme offering employees a severance package equivalent to four months’ salary in a strategic effort to reduce its workforce, as there is a substantial number of employees without actual work. Fenaka, which currently employs around 8,000 people, began accepting applications for voluntary redundancy on Tuesday. According to a