Meatco justifies new strategic focus
By Hilary Mare
THE Meat Corporation of Namibia (Meatco) has cleared the air on its ongoing business optimisation and restructuring process which seeks to ensure that the corporation survives and starts contributing meaningfully to the country’s fiscus as per its vision to be a world-class meat brand, creating sustainable wealth for all Namibians.
Recently, the corporation’s chief executive officer (CEO), Mushokobanji Mwilima announced that as part of ensuring that Meatco remains competitive, sustainable and profitable, the company crafted a leaner, agile and dynamic structure to make Meatco more robust in this ambiguous global environment.
As a result of this process, employees who are 55 years and above, and in particular those that are already 60 years and above will part ways with the organisation as part of rightsizing the business.
In an interview with Confidente this week, Rosa Hamukuaja-Thobias, manager, corporate affairs said the retrenchment process took cognisance of the needed experience within Meatco such as ensuring that there are equally competent and experienced replacements for critical positions while non-critical positions will be frozen or become redundant.
“The realignment is critical during this time where the country experienced recurrent droughts and Covid-19. The nature of Meatco’s business environment requires flexibility in aligning the business to the prevailing environment. This is evidenced by previous realignment events which have seen both some members of the executive committee, management and junior staff being retrenched.
“This is to ensure that the organisation survives during these tough times and to ensure that Meatco continues to drive towards profitability and achieve its mandate as enshrined in the Meatco Act (2001) which primes being able to create employment and wealth for the country when the situation recovers,” she said adding that retrenchments are never a good thing to do at any given time, but given the current difficult times, difficult decisions have to be taken that will never be popular to many.
Confidente understands that Meatco developed a five-year integrated strategic business plan that is aligned to the current business and international Volatile Uncertain Complex and Ambiguous (VUCA) environment. In line with this strategic plan, the board took a resolution that is aimed at aligning the business to its strategic direction and aimed at right sizing the organisation.
“The board applied its mind and this plan requires implementation with a right sized organisation for the next five years and beyond. These include voluntary retrenchment for all staff and retrenchment of personnel aged 55 and above. The board further resolved that all staff members’ salaries be aligned to Public Enterprises Governance Act (PEGA), meaning that staff who are overpaid are to be aligned back to PEGA and Meatco salary scales. This initiative is in line with the proposal of the management as well,” Hamukuaja-Thobias said.