Zimpost employees’ salaries slashed

STATE-OWNED postal services company, Zimpost, has slashed employees’ salaries by half as the entity struggles to stay afloat.

The company is not only behind on salary payments, but is failing to pay them in full, with acting managing director Sifundo Moyo blaming the high fixed cost structure “of the business to meet its operational costs which had not been matched with robust revenue inflows”.

“While employees’ salaries have always been and will remain a top priority ahead of other payments, the current inflows being generated by the company are not adequate to meet the financial obligations of the business.

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