Fenaka added 5K employees in 5 years; 747 in last 8 months

The number of employees in Fenaka Corporation has increased by more than 5,000 in the last five years compared to the number of employees in 2018, the president-elect's office said on Thursday.

Briefing about the reports prepared by the transitional committees looking into the performance of government companies and agencies, transition spokesman Mohamed Firzul briefed about the state of government utility companies at a press conference held in M. Dhimyath Thursday afternoon.

On the state of Fenaka, Firzul said the company's debt stood at MVR 4.1 billion as of last year and the number of employees has increased significantly in the past five years from 2018 to this year.

They include:

At the same time, spending on employee salaries has also increased significantly. They include:

Firzul expressed concern that the number of employees has increased despite the fact that the work of Fenaka employees has been eased and fewer employees are needed for one task.

"For example, the process of preparing bills and sending bills to households is now much easier. However, if there were seven employees in a Fenaka branch, there are now close to 40 employees," he said. He explained.

Giving a small example, the transition Spokesperson said the number of employees of Fenaka is 8,126 while the number of Maldivian teachers in schools in Maldives is 8,600.

“Since March 2023, an additional 747 employees have been added,” Firzul said.

Firzul on Thursday said Fenaka's debt stood at MVR 4.1 billion as of last year, including MVR 3.2 billion owed to suppliers.

In addition, the financial report due at the end of the year was not prepared at the end of last year.