MASSIVE REDUNDANCY FEARS GRIP ZESCO

…as the IDC announces plans to restructure the state power utility company.By OLIVER SAMBOKOFEAR of mass redundancies has gripped Zesco employees following government move to engage a consultant to assess proposals for restructuring the companySome workers spoken to, said rumours that part of restructuring of Zesco will involve unbundling the company, has instilled fear in them because it might lead to downsizing of the workforce and lead to redundancy.They also said unbundling Zesco is not the best option at the moment considering that there are other routes the government can take to keep the company afloat such as removing political interference in the running of the company.The Industrial Development Corporation (IDC) has announced that it wants to engage a consultant to undertake financial and operational restructuring of the country’s power utility company.The IDC will also assess the proposal to unbundle Zesco into three separate entities namely, generation, Transmission and distribution.The state power utility company currently […]