Fenaka: Voluntary resignations agreed with 4 months' pay
Fenaka introduced the voluntary resignation scheme in June as part of efforts to reduce its workforce.
Fenaka Corporation has said employees who voluntarily resigned under the company's workforce restructuring programme were paid four months' salary in accordance with agreements reached with the company.
Fenaka introduced the voluntary resignation scheme in June as part of efforts to reduce its workforce.
In a statement issued on Tuesday, the company said the scheme was established to allow employees to leave voluntarily with a financial package where staff reductions were required.
According to Fenaka, employees who wished to participate submitted written requests, after which their departures were agreed through mutual consent between the company and the employee.
The company said the four months' salary payable under those agreements has been paid to the employees concerned.
Fenaka also rejected reports published by some media outlets alleging that employees had been misled into leaving the company, stating that the claims were inaccurate.
The company's workforce has come under scrutiny following previous audit reports, which identified issues including recruitment beyond operational requirements and promotions made outside established procedures.
Fenaka has also previously stated that high expenditure on staff salaries had affected its ability to procure equipment required for its operations.
