NDOLA Lime Company Limited has retrenched over 200 employees, effective July 31, 2020.
Ndola Lime Company Limited has also failed to pay its creditors in excess of US$85 million.
This is according to an internal memorandum, dated June 10, 2020.
“Kindly take notice that the last day of employment for all employees under Ndola Lime Company Limited has been set for 31 July, 2020. In this vein, all employees should expect to receive letters of retrenchment together with computation of amounts due to each employee. Further communication shall be contained in individual letters to each employee,” read the memo signed by acting chief executive officer Stephen Bwalya.
National Union of Miners and Allied Workers (NUMAW) treasurer general Saul Simunjika disclosed that Ndola Lime was in the process of transitioning to Lime Stone Resources.
Simunjika said NUMAU was happy with the take away package being offered to the affected employees.
ZCCM IH announced that it was in the process of engaging a partner that would help to recapitalise Ndola Lime Company.