Liberia: More Concession Companies Contemplating Cutting Jobs as Economy Dwindles

Mar 20, 2019 | Lennart Dodoo, FrontPage Africa
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Liberians, amid a collapsed economy, continue to work up each day to news of distress conditions of various companies many of which have decided to carry out major job slash in a bid to keep running. Firestone Natural Rubber Plantation, Liberia, Monday announced it the laying off of 800 employees beginning April due to the overhead cost of operations vis-à-vis fall in profit margin resulting from slump in the price of rubber on the world market.