The Meat Corporation of Namibia (Meatco) has announced embarking on restructuring its business which will see more than 80 employees of the company being retrenched.
The planned retrenchments by the meat processors, will affect employees who are 55 years and above.
“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,” the company said.
“The Volatile Uncertain Complex and Ambiguous (VUCA) environment in which MeatCo operate calls for business adaptation in order to ensure business resiliency. Meatco thrives to remain competitive, profitable and sustainable in a rapidly changing dynamic business environment.”
This comes with the slashing of the company’s Norwegian quota for 2021 to 1 200 tonnes by the Meat Board despite having successfully and fully utilised its 1 600 tonnes allocated last year.The 400 tonnes were allocated to Beefco.
The Norwegian market remains Meatco’s valuable and premium market to which it shipped 82 211 cartons of 16.4 percent of Silverside cuts; 15.5 percent of Topside cuts; 11 percent of Fore-Rib cuts and 10.6 percent of Striploin cuts.
Meatco is currently exploring new markets for beef in the Northern Communal Areas (NCAs) and plans to take advantage of the Areas African Continental Free Trade Agreement (AfCFTA).
MeatCo is mandated to serve, promote and coordinate the interests of livestock producers in Namibia, and strive for the stabilisation of the local meat industry in the national interest. The Corporation is also mandated to market products within Namibia or elsewhere to the best advantage of the producers of livestock in Namibia, among others.