Malawians betrayed in MSB sale


…250 get the sack at MSB

The Malawi Congress of Trade Union (MCTU) has expressed concern over the firing of 250 FDH Financial Holdings employees, saying the retrenchment will affect the economy.

MCTU president Chauluka Muwake said the retrenchment is a very worrisome development as it will increase levels of unemployment in the country.

Malawi Savings Bank

Malawi Savings Bank sacked 250 workers.

“MCTU is very sad to hear that 250 people have lost their job. We still have more people who are unemployed and we are adding other people to that number,” said Muwake.

The MCTU president also faulted government for secretly selling the Malawi Savings Bank (MSB), saying the 250 employees have been dismissed because MCTU was not consulted during the sale of the bank.

He however said MCTU can intervene on the matter if the fired employees send formal complaints to the union.

Meanwhile, Muwake has urged the government to involve the union in the initiative of exporting workers to other countries saying this will help them to monitor the workers who are abroad.

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