Recession: Mass sack rocks Grand Oak Ltd

Grand Oak Limited (GOL), marketing and Distribution Company of Lexcel Group and one of Nigeria’s leading distributors of alcoholic and non-alcoholic beverages company in the Fast Moving Consumer Goods (FMCG) sector has sacked 20 of its workforce due to the prevailing harsh economic conditions rocking the nation’s economy.

According to findings, the recent sack of some highly placed workers also affected the Human Resources Manager of the group, Mr Wale Dosunmu, whose sack was converted to compulsory retirement and is expected to take effect from August, 2016. Mr Wale Dosunmu joined the group in 2004 and is yet to attain the compulsory retirement age of 60 years old.

Also among those asked to go was the Talent Manager, Alimat Aro; Safety Manager, Bolaji Thomas who works with one of GOL’s subsidiaries, Nigerian Distilleries Limited (NDL). Other departments affected in the recent gale of sack are the Customer Care Unit and the Brands unit of the group.

The sack, further findings revealed was unconnected to the harsh economic downturn that has befallen the nation’s economy in recent months. “Many of the workers were given their letters of termination of appointment because the group profit margin has been drastically affected by the economic recession in Nigeria today.