ADVERTISEMENT
Malawi Metro News
ADVERTISEMENT
  • Home
  • News
    • All
    • Business
    • Crime
    • Culture
    • Politics
    • Religion
    • Tourism
    • World

    Victoria forex bureau implicated in money laundering scam

    CSOs gags for removal of presidential immunity

    ACB tenders Batawara’s evidence in court

    Demostrators nabbed for defying court order

    Mutharika willing to resume as DPP’s presidential candidate

    Chinese national arrested for assault

    Trending Tags

    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Movie
    • Music
    • Sports

    KB moves to Dowa for home games

    Dedza dynamos tames Lions to a stale mate

    Nomads and Bullets averts each other in FDH first round

    Nomads,Eagles stalemate gives bullets title hopes

    Zodwa Wabanthu organiser “Big Lu” goes bankrupt

    Egypt, Ethiopia game outshines Flames Afcon qualifier game revenue

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel

    Rumphi district wins fight against TB

    Kamoto Donating Blood

    Airtel partners MBTS in blood donation drive

    Malawi registers first suspected monkey pox case

    Maunda

    Mzimba registers 18 Leprosy cases

    Govt asked to improve health sector

    Unsafe abortions raise alarm in Phalombe district

    Trending Tags

    • Fashion Week
  • Columns

    Ntchisi Youth Office in “go back to school” campaign

    Rainford Kainga writes

    Stanley Onjezani Keneni writes:

    Trending Tags

    • Education

      Govt and Stakeholders urged to promote poetry in schools

      Education levels hit a snag in Chiladzulu

      MUST itsegulilidwa, atatseka kamba kazipolowe

      UNIMA Students protests over early bar closure

      A GENIUS BOY ASKS FOR SUPPORT FROM WELL – WISHERS

      MARANATHA ACADEMY TO HONOUR JCE TOP PERFORMER

      MZUNI COUNCIL STAFF UNIONS THREATENS TO DOWN TOOLS

      JCE EXAMINATIONS STARTS ON A GOOD NOTE

      19 year old jailed for defilement selected to Mzuni

      Trending Tags

      • Malawi Metro Music
      • The Bulletin
      No Result
      View All Result
      • Home
      • News
        • All
        • Business
        • Crime
        • Culture
        • Politics
        • Religion
        • Tourism
        • World

        Victoria forex bureau implicated in money laundering scam

        CSOs gags for removal of presidential immunity

        ACB tenders Batawara’s evidence in court

        Demostrators nabbed for defying court order

        Mutharika willing to resume as DPP’s presidential candidate

        Chinese national arrested for assault

        Trending Tags

        • Market Stories
        • Election Results
      • Entertainment
        • All
        • Movie
        • Music
        • Sports

        KB moves to Dowa for home games

        Dedza dynamos tames Lions to a stale mate

        Nomads and Bullets averts each other in FDH first round

        Nomads,Eagles stalemate gives bullets title hopes

        Zodwa Wabanthu organiser “Big Lu” goes bankrupt

        Egypt, Ethiopia game outshines Flames Afcon qualifier game revenue

      • Lifestyle
        • All
        • Fashion
        • Food
        • Health
        • Travel

        Rumphi district wins fight against TB

        Kamoto Donating Blood

        Airtel partners MBTS in blood donation drive

        Malawi registers first suspected monkey pox case

        Maunda

        Mzimba registers 18 Leprosy cases

        Govt asked to improve health sector

        Unsafe abortions raise alarm in Phalombe district

        Trending Tags

        • Fashion Week
      • Columns

        Ntchisi Youth Office in “go back to school” campaign

        Rainford Kainga writes

        Stanley Onjezani Keneni writes:

        Trending Tags

        • Education

          Govt and Stakeholders urged to promote poetry in schools

          Education levels hit a snag in Chiladzulu

          MUST itsegulilidwa, atatseka kamba kazipolowe

          UNIMA Students protests over early bar closure

          A GENIUS BOY ASKS FOR SUPPORT FROM WELL – WISHERS

          MARANATHA ACADEMY TO HONOUR JCE TOP PERFORMER

          MZUNI COUNCIL STAFF UNIONS THREATENS TO DOWN TOOLS

          JCE EXAMINATIONS STARTS ON A GOOD NOTE

          19 year old jailed for defilement selected to Mzuni

          Trending Tags

          • Malawi Metro Music
          • The Bulletin
          No Result
          View All Result
          Malawi Metro News
          No Result
          View All Result
          ADVERTISEMENT
          Home Agriculture

          AHL Group wants to close 3 Subsidiaries

          Chaweya Mzembe by Chaweya Mzembe
          14 January 2022
          in Agriculture, Business, National, News
          0
          0
          SHARES
          26
          VIEWS
          Share on FacebookShare on TwitterShare on Whatsapp

          Auction Holdings Limited (AHL) Group is contemplating closing three of its seven subsidiary companies as the firm plunges deeper into a financial meltdown.

          The group board chairperson Rhino Chiphiko said this in an interview yesterday after employees started what they termed an indefinite strike over three months unpaid salaries, non-remittance of pension funds and management’s silence on the restructuring strategy.

          Chairperson of the striking employees Charles M’bwana said the strike, which is taking place in the group’s offices across the country, will only be called off when all the grievances have been resolved.

          He said efforts to liaise with management on the three matters proved futile; hence, the employees resorted to the strike.

          “Honestly we are tired of promises and assurances that never come to pass. We are human beings with families to care for, we need to pay rent, provide food, pay school fees, among other expenses. As we are now, people are refusing us credit,” said M’bwana.

          He said the company last paid the employees in September 2021 and now they have entered their fourth month without pay.

          M’bwana added that the company has not remitted employees pension deductions for 36 months and that employees were only briefed that there will be a restructuring exercise, but there has never been any updates.

          Chiphiko, however, said all issues are genuine, but promised that the board hopes to resolve the matters by Wednesday next week.

          “All that is true, honestly the group has been sailing through rough economic challenges for a long time. It’s true salaries have not been paid, pension funds have not been remitted because of the same financial problems.

          “On the restructuring plans, it’s true as well that we have reached a point where we are planning to close three of our seven subsidiary companies,” he said. But Malawi Congress of Trade Union president Charles Kumchenga said the union is angry with what is happening at the group.

          He said: “It’s sad that this should be happening in this Covid-19 era where money is already a problem, on top of that, people are struggling with school fees and farm inputs. In fact this is torture.”

          Kumchenga said the group should do its best to identify funds to sort out the salary issue with its employees as the two sides wait to find solutions to the other issues.

          ADVERTISEMENT

          When Malawi Metro visited the Lilongwe Auction Floors yesterday morning, the employees had already sealed all gates, but there were no senior managers to attend to them.

          They had already lit fire to prepare lunch and were singing songs, warning management that they would not leave until their issues were sorted out.

          This is the third time that the group’s employees have downed tools over non-payment of salaries.

          The group has over 3000 employees nationwide.

          Tags: AHL Group wants to close 3 Subsidiaries
          Chaweya Mzembe

          Chaweya Mzembe

          Stay Connected test

          • Trending
          • Comments
          • Latest

          MIA’S SECOND WIFE REJECTS K40M AS HER PART OF ESTATE BENEFIT

          9 May 2021

          Presidential advisor Lucius Banda hospitalised

          5 January 2021

          Giddes Chalamanda given K2 million worth grocery store

          14 September 2020

          Meet Catherine Phiri, Africa’s Rising Novelist

          15 June 2020

          CSOs lobby for Covid -19 internet reduction services

          1

          APM, JB must get matured – Analyst

          0

          25 year old man arrested for possessing cell phones without supporting documents

          0

          Polling Date not set – AG

          0

          Victoria forex bureau implicated in money laundering scam

          12 August 2022

          CSOs gags for removal of presidential immunity

          25 July 2022

          Parliament amends a bill on ACB’s independence

          25 July 2022

          KB moves to Dowa for home games

          26 July 2022

          Recent News

          Victoria forex bureau implicated in money laundering scam

          12 August 2022
          18

          CSOs gags for removal of presidential immunity

          25 July 2022
          11

          Parliament amends a bill on ACB’s independence

          25 July 2022
          6

          KB moves to Dowa for home games

          26 July 2022
          6

          Malawi Metro News

          Malawi Metro News

          Malawi Metro News

          We bring you the best news happening in Malawi and around the world.

          Malawi Metro News

          Follow Us

          Browse by Category

          • Agriculture
          • Business
          • Columns
          • Crime
          • Culture
          • Education
          • Entertainment
          • Environment
          • Fashion
          • Food
          • Health
          • International
          • Lifestyle
          • Malawi 2020 Elections
          • Malawi Art
          • Movie
          • Music
          • National
          • News
          • Opinion
          • Politics
          • Religion
          • Sports
          • Tourism
          • Travel
          • World

          Recent News

          Victoria forex bureau implicated in money laundering scam

          12 August 2022

          CSOs gags for removal of presidential immunity

          25 July 2022
          • Advertise with us
          • Contact Us

          © 2020 Malawi Metro News - Website by Compufix Ltd.

          No Result
          View All Result
          • Home
          • National
          • Politics
          • Sports
          • Health
          • Travel
          • World
          • Columns
          • Education

          © 2020 Malawi Metro News - Website by Compufix Ltd.