Oil palm giant, Sime Darby, has confirmed it is rationalizing its workforce and is implementing in stages a redundancy exercise due to multiple economic challenges.
The Company on Thursday said it took the decision to ensure its continuity and business in Liberia.
Its reaction was in reference to a newspaper story published on 16th November this year.
The story quoted a Labor Ministry press statement on the Company’s pending redundancy exercise.
Sime Darby said it planned the redundancy exercise in consultation with the affected workers, the workers union and the Labor Ministry.
The Company said it is applying every effort to ensure the process follows the laws and regulations of Liberia, including the Liberia Decent Work Act 2015 and Collective Bargaining Agreement.
Officials said the Company in recent years faced several constraints that prevented its business from growing as planned.
The company further named land issues and the Ebola outbreak as some of the contributing factors to the constraints.
Sime Darby is a Malaysia-based diversified multinational with operations in 25 countries & 4 territories and a total workforce of more than 120,000 employees.
The group is involved in 5 core sectors, namely Plantation, Industrial Equipment, Motors, Property and Logistics.
In 2009, Sime Darby through its division, Sime Darby Plantation, signed a 63-year concession agreement with the Government of Liberia for 220,000 hectares of land to be developed into oil palm and rubber plantations.
The concession area is spread out in four counties: Grand Cape Mount, Bomi, Bong, and Gbarpolu.