Fenaka imposes salary cuts and layoffs
Fenaka Corporation has imposed budget cuts and dismissed employees.
Fenaka MD Ahmed Shareef
Fenaka Corporation, a state-operated multi-utility provider, has begun enforcing budget cuts resulting in layoffs and salary reductions, some its staff has alleged.
Employees told RaajjeMV that there were hefty changes made to their salaries and benefits, which the corporation began enforcing earlier this month. These changes shave an upwards of MVR 2,000 to 4,000 from their salaries, the employees said.
They further said that the corporation's board of directors had travelled to Addu City in order to implement said changes there as well, and continued to allege that it had made positions vacant, in violation of procedure, offering salaries of over MVR 20,000.
This announcement was made to especially cater to Managing Director Ahmed Shareef’s colleagues pursuing employment in the corporation.
The corporation has denied these allegations, affirming that changes were brought – but these only entails setting a fixed rate for overtime and other allowances.
Fenaka stated that these changes were brought under advice from the Auditor General’s Office, and added that it has not dismissed any member of its staff.
Shareef insisted that it all vacancies have been announced, as per procedure, and that he has not been prejudiced in the selection process.
