GM Five Lobatse sheds staff amid COVID-19

“As previously communicated on several occasions during meetings held with staff, the company is having cash flow and production challenges and has been running at a loss for the past year necessitating some form of restructuring in an attempt to rectify the situation. Effective April 30, 2020, GM Five Company Maradu Farm in Lobatse will close down. The closedown affects all employees at the two farms. The layoff is not related to individual performances,” daughter to the late president, Matshidiso Masire wrote to staff on behalf of the company.

She also said the staff would receive their full and final terminal benefits on April 30. “Your payment will include notice of pay, leave pay out and gratuity. You are required to present yourself at the farm the morning of April 30 to hand in your uniforms as well as any company property in your possession and sign your terminal letter.”  Efforts to reach GM Five management were futile.