We refer to media reports published on June 23, 2017, alleging that over 30 employees have been sacked from employment with the Fund. We clarify as follows.
Contrary to these reports, no employee has been sacked.
An end of employment contract review process took place between May and June 2017 and it was recommended that contracts of 12 employees should not be renewed.
Some employees felt aggrieved and appealed against the recommendation.
Management initiated a process to review the recommendation. This process is on-going in accordance with the Fund’s Human Resource Policy Manual.
All the affected employees have been given a fair opportunity to present their grievances and be heard and a final outcome of this process will be duly communicated to the concerned parties.
We wish to re-affirm that Management will continue to make decisions that are lawful and in the best interest of the Fund, our employees, and members in line with the strategic business requirements.
(Managing Director NSSF)