Sameer Africa, the company owned by Rogue businessman Naushad Merali is facing challenges and has written to employees about an impending restructuring programme.
Recently, a local media house reported that the company had dismantled the Nairobi Tyre manufacturing factory equipment to relocate to India.
In a letter seen by the editor of this site (attached at the end of this article), Sameer group states that it is facing ‘challenges occasioned by a weak regulatory environment that has resulted in erosion of our customer base due to proliferation of counterfeit products.
The letter continues to say that, ‘In order to ensure the long-term sustainability of the business and continuous alignment of our business model to the trading environment, we continue to critically assess the human resource component of the business’.
Following a detailed assessment of our business needs, it has become evident that we will require to carry out a restructuring programme. The implication of this is that a significant number of positions/roles at the company, will become redundant.
Consequently, the Board of directors at a meeting held on 15th May 2019 has approved a retrenchment exercise to take effect from June 2019.
Here below is the letter: