Sheriffs seal two PTC metro shops
Sheriffs have sealed two mega shops of PTC, Blantyre Metro and Limbe Metro shops.
The two shops which were sealed on Wednesday afternoon remain closed as some workers loiter around outside the shops premises.
This comes as owners of the shops, Peoples Trading Centre (PTC) have sold the company to a South African franchise, Tafika Holdings Limited.
A source in one of the closed shops said the sheriffs invaded the shops on Wednesday afternoon and demanded that all workers should all vacate the shops before locking the two shops.
Attempts to speak to PTC’s Chief Executive Officer, Ferdinand Mchacha proved futile as he was reportedly in a meeting.
Press Corporation Limited (PLC) has sold 100 percent shares of PTC to Tafika Holdings Limited.
The development comes when frustrated PTC employees are demanding their severance pay.
And some Jim and Jack said he has 1m jobs on his manifest
If Press have sold PTC, then they must have money to pay off terminal benefits to their employees. Period
PTC Has Not Paid to Employees as well as Creditora for a Long Time, Malawians have been failure in Handling Business of that Kind of Scale, As theft is at the Highest Level in PTC
Manufacturing and Trading Sector is Not for Malawians, Malawians can not handle that look at Carlsberg and SOBO they are also going to close in the Near future Just wait and Watch