Trafigura will be shutting down its logistics business Sakunda Logistics. The company will permanently shut down on December 31 and the company cited consistent losses over the past four years as the reason for shutting down.
In letter written on November 30 and the company’s finance and human resources director, S Mpunga, told employees that the company was shutting down and their terminal benefits will be communicated individually.
Mr Mpunga said “I regret to notify you that Sakunda logistics will be permanently closing down as we have suffered great irrecoverable losses over the past four years.”
“We are sorry to notify that your jobs with Sakunda Logistics terminates in one months’ time on 31 December 2018,” he said.
“We express our deepest gratitude to all of your dedicated service at Sakunda Logistics. Communication with regards your termination benefits will be communicated to you individually. We wish you the best in your future endeavours,” he ended.