The factory is finding it difficult to sustain its operations.
Finetex Nigeria Limited, a textile company closed down in 2003 in Kaduna, has commenced the payment of over N200 million benefit to its disengaged workers, the News Agency of Nigeria reports.
The General Manager of the company, M.T. Usman, said in an interview on Tuesday in Kaduna that more than 2, 200 workers would be paid off.
According to him, the money is the final agreed benefit to be paid the affected workers through their various banks.
“The payment of the benefits is the first step to eventual return of the company,” he said, adding that the exercise had since commenced.
Mr. Usman said the company was forced to shut down due to uncontrolled inflow of cheap textile materials from China, a situation, which he noted, had also affected most textile industries in the country.
The general manager disclosed that the management of the textile firm was working hard to resuscitate it to full production.
“The Board of Trustees headed by Alhaji Aliyu Dantata would soon meet to decide on when to reopen the firm”, he stated.
He assured that some of the disengaged workers who meet the new criteria for re-engagement would be employed.
One of the disengaged staff, Abel Abraham, confirmed that some of the workers had started receiving their benefits, while the bank account numbers of others had been collected by the company.
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