Bcl Mine To Cut Costs, Sell Private Jet
Monday, March 21, 2016
Workers underground on duty at BCL mine. PIC: CHAKALISA DUBE
The mine has, however, refused to shed any light on the pending retrenchments of the employees.
There has been wide spread speculation that the beleaguered mine is in the process of retrenching 2,000 employees in a bid to cut down on costs and ensure efficiency in the wake of unfavourable conditions.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...