{"id":7533,"date":"2021-12-22T10:53:52","date_gmt":"2021-12-22T10:53:52","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2"},"modified":"2021-12-22T11:11:19","modified_gmt":"2021-12-22T11:11:19","slug":"lndc-troubled-by-factories-job-cuts-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2","title":{"rendered":"LNDC \u2018troubled\u2019 by factories\u2019 job cuts"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Lesotho National Development Corporation (LNDC) is \u201ctroubled\u201d by the layoffs in the manufacturing and apparel industries. This is per the statement released by the corporation on Thursday last week.<\/p>\n

\u201cThe textile and apparel manufacturing industry remains Lesotho\u2019s largest formal private sector<\/p>\n

employer in the country. Wages earned by workers in this industry are pertinent to raising the number of income earners in Lesotho. The Corporation is<\/p>\n

therefore troubled by the downscaling of operations by key players which has resulted in considerable job losses. \u201cIn an endeavour to save these jobs, the Corporation has engaged the companies that have downsized<\/p>\n

their operations through sizable layoffs. These companies have cited disruptions in the supply chain due to Covid-19 as the main driver behind downsizing.<\/p>\n

A progressively deteriorating investment climate has also been named as a factor which affects business negatively,\u201d reads LNDC statement. It further says that<\/p>\n

LNDC is seized with the talks with diverse stakeholders to address the challenges impinging on the climate change. LNDC has further stated that it has revived the Inter-Ministerial Task Team (IMTT), a \u201chigh-level<\/p>\n

problem solving\u201d forum led by the Minister of Trade and Industry to address the investors\u2019 complaints. \u201cThe corporation therefore wishes to assure workers and the public that it is exploring all<\/p>\n

avenues to preserve and create new jobs for those who have been retrenched, through operationalizing expansion projects in its pipeline. Saving existing<\/p>\n

jobs is as equally important, if not more important to LNDC than creating new ones, particularly under these strained economic conditions. \u201cForeign Direct<\/p>\n

Investment (FDI) in Lesotho has made a significant contribution to job creation in the country, however, looking after the welfare of existing investors to<\/p>\n

ensure that they thrive and create additional jobs for Basotho as reflected in the Corporations mandate remains a key priority for LNDC,\u201d the statement<\/p>\n

further says. Meanwhile, Nien Hsing International Lesotho (Pty) Ltd has begun laying off its staff owing to \u201cCovid-19 pandemic causing an unstable and decreasing market demands\u201d.<\/p>\n

The factory\u2019s Manager Ricky Chang told Informative Newspaper that they are closing shop by September. Chang said they have retrenched the workers in batches and the last group will be without work by<\/p>\n

the end of September. This job cuts will see about 2 500 workers outside of work. One of the workers, Thabiso Lebitso \u2013 who has received the retrenchment letter, told this<\/p>\n

publication that these developments have not gone down well with him. As a breadwinner, Lebitso said he is faced with the challenge of providing for his family.<\/p>\n

He also downplayed the terminal benefits which they will be receiving, saying they are not \u201cenough\u201d. The factory industry is one of biggest formal employer in Lesotho.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Lesotho National Development Corporation (LNDC) is \u201ctroubled\u201d by the layoffs in the manufacturing and apparel industries. This is per the statement released by the corporation on Thursday last week. \u201cThe textile and apparel manufacturing industry remains Lesotho\u2019s largest formal private sector employer in the country. Wages earned by workers in this industry […]<\/p>\n","protected":false},"author":84,"featured_media":7532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,8,16],"tags":[233,246,245],"class_list":["post-7533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"yoast_head":"\nLNDC \u2018troubled\u2019 by factories\u2019 job cuts - Lesotho<\/title>\n<meta name=\"description\" content=\"Lesotho National Development Corporation (LNDC) is \u201ctroubled\u201d by the layoffs in the manufacturing and apparel industries ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LNDC \u2018troubled\u2019 by factories\u2019 job cuts\" \/>\n<meta property=\"og:description\" content=\"Lesotho National Development Corporation (LNDC) is \u201ctroubled\u201d by the layoffs in the manufacturing and apparel industries ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-22T10:53:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-22T11:11:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/12\/img-61c307be3b6b8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LNDC \u2018troubled\u2019 by factories\u2019 job cuts\",\"datePublished\":\"2021-12-22T10:53:52+00:00\",\"dateModified\":\"2021-12-22T11:11:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2\"},\"wordCount\":463,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/12\/img-61c307be3b6b8.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lndc-troubled-by-factories-job-cuts-2\",\"name\":\"LNDC \u2018troubled\u2019 by factories\u2019 job cuts - 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