Ocean Industries Ltd give employees Covid-19 packages: Salary advance, 2-week paid leave

Amid coronavirus outbreak, a Lilongwe-based group of companies, Ocean Industries Limited has become the first Malawi firm to give its employees “special financial packages” as part of its response to the virus pandemic.

Kumar: Ocean Industries has sent wrokers on paid leave with salary advances

Many firms are warning of collapse, wiping out hundreds of jobs, as economy is slowing down.

Ocean Industries general manager Jagadeesh Kumar said they decided to send about 100 employees on a two-week paid leave in line with measures President Peter Mutharika announced don Saturday to decongest workplaces.

“We have given them salary advances and paid leave for two weeks to ease their burden,” Kumar said when interviewed by Nyasa Times.

He said the move is aimed at protecting the employees “because we’re all going to need them”.

Asked to explain what is contained in the take-home packages, Kumar said they had given employees salary advances, health kits to use at home and food hampers.

“We want to cushion them from economic hardships, but also protect them from health hazard,” he said.

Ocean Industries is involved in plastic manufacturing, real estate property and car hire businesses.

President Peter Mutharika said his government will do all it can to help private sectors so that workers are not plunged into poverty because of the Covid-19 crisis.

Mutharika announced a number of measures aimed at cushioning small- and medium-sized businesses, including tax breaks, a reduction in fuel prices and an increase in risk allowances for health workers.

“The coronavirus attack has a huge negative impact on the economy and businesses everywhere. There are many business people and industry players who are uncertain about the situation as it is unfolding. I know that everyone is worried,” he said.

“Therefore, government will take measures to protect jobs and incomes, protect businesses and ensure continuity of the supply chain and the survival of the economy.”

Amongst other measures, the President directed the Reserve Bank of Malawi to allow banks to offer a three-month moratorium on interest payments on loans to small- and medium-sized businesses.

Other countries around the world are taking measures to try to prop up their economies.

As of now the country has registered eight cases and one death of Covid-19.

Follow and Subscribe Nyasa TV :

Sharing is caring!

0 0 vote
Article Rating
Follow us in Twitter
8 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Kikzi
Kikzi
7 months ago

It is good to say thanks when something commendable is done – thank you Ocean Industries

G Zali
G Zali
7 months ago

These are Indians Malawi needs. Bravo we will make sure to support your business

Chithafu
Chithafu
7 months ago

This should be commended and other companies should borrow the leaf

chinyonyo1
chinyonyo1
7 months ago

Ocean Industries management Congratulations. You have made me smile on behalf of your employees. I believe God will bless this company more Thumbs up

Kalulu Wadwala
7 months ago

The only good Indian in malawi.

The Great Prophet Baruch
Reply to  Kalulu Wadwala

Easy. With your thoughts.

Jabbar
Jabbar
7 months ago

I’m sure you envy [email protected] prophet bharuch

Oscar
Oscar
7 months ago
Reply to  Kalulu Wadwala

This is what is known as a back-handed compliment. Please stop liking it.

shares
Read previous post:
Focus 265 female artists set to release Corona song

Focus 265 Management female artists are set to release an educative song concerning preventive measures on Corona virus (Covid-19). The...

Close