logoBC
Yaoundé - 26 September 2021 -
Economy

Cameroon: CAMI dismisses close to 40 employees due to economic woes

Cameroon: CAMI dismisses close to 40 employees due to economic woes
  • Comments   -   Wednesday, 01 September 2021 16:29

(Business in Cameroon) - On August 25, about 40 workers were made redundant by renowned auto dealer Cameroon Motors Industries (CAMI). "We regret to inform you of our decision to terminate the employment contract binding us. The recently announced restructuration plans for the company forces us to apply a redundancy plan (…) CAMI recently closed a third economically difficult year during which shareholders, who did not receive dividends the previous two years, had to recapitalize the company," the termination letter sent on August 25, to the dismissed employees reads.

According to internal sources, the dismissal decision was approved by the government after negotiations with the Ministry of Labor and Social Security. Nevertheless, the dismissed workers who are not convinced are calling for the government’s intervention.

"It is inhumane and irresponsible to dismiss heads of families just days to the start of the school year…, " comments Alphonse Ayissi Abena, President of the Cameroonian consumers association FOCACO and also one of the dismissed CAMI workers.  

BRM

kribi-to-soon-host-two-plantain-production-and-fish-farming-clusters
In the framework of its far belt project in Kribi, the host town of a deep seaport, agroforestry cooperative Coop CA AIO is currently planning to create...
cameroon-pm-joseph-ngute-instructs-the-allocation-of-a-specific-percentage-of-public-construction-contracts-to-matgenie
Since September 22, 2021, employees of the National Civil Engineering Equipment Depot (MATGENIE) have been, once again, protesting to request the payment...
douala-bangui-ndjamena-corridor-cameroon-introduces-single-transit-permit-to-save-time-and-reduce-hassles
Cameroon recently introduced the single transit permit for trips along the Douala-Bangui and Douala-Ndjamena corridors. This digital permit issued by...
foreign-trade-togo-became-cameroon-s-leading-african-supplier-of-petroleum-products-in-2020-ins
In 2020, Togo became Cameroon’s leading African supplier and the 7th worldwide, according to figures published by the National Institute for Statistics...

Mags frontpage


Business in Cameroon n103: September 2021

Cameroon: The other cocoa land


The rise of private equity


Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao


L’émergence du private equity camerounais