{"id":297215,"date":"2020-10-18T12:06:00","date_gmt":"2020-10-18T10:06:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=297215"},"modified":"2020-10-18T12:07:08","modified_gmt":"2020-10-18T10:07:08","slug":"nwr-embarks-on-voluntary-retrenchment-exercise","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=297215","title":{"rendered":"NWR embarks on voluntary retrenchment exercise"},"content":{"rendered":"\n<p>Zorena Jantze<\/p>\n<p>ONE of Namibia\u2019s foremost tourism organisations, Namibia Wildlife Resorts Limited (NWR), has begun a voluntary retrenchment exercise to align its staff numbers in light of the impact that Covid-19 has had on the tourism sector.<\/p>\n<p>\u00a0<\/p>\n<p>NWR spokesperson, Mufaro Nesongano, stated that from this year 22 September to 22 October, NWR has provided its staff with an opportunity to separate from the organisation voluntarily.<\/p>\n<p>\u00a0<\/p>\n<p>The voluntary separation exercise comes on the back of its Board of Directors and Senior management team taking a 25% reduction in earnings.<\/p>\n<p>\u00a0<\/p>\n<p>Nesongano, however, stated that these efforts alone have not been sufficient to place the organisation in a better financial position.<\/p>\n<p>\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2020\/10\/NWR-embarks-on-voluntary-retrenchment-exercise.jpeg\" alt=\"NWR embarks voluntary retrenchment Namibia tourism organisations Wildlife Resorts Limited\" class=\"wp-image-297213\"\/><figcaption>CUTTING COSTS: Mufaro Nesongano. Photo: NWR<\/figcaption><\/figure><\/div>\n\n\n\n<p>\u00a0<\/p>\n<p>&#8220;Therefore the NWR EXCO submitted a cost-cutting plan to its Board, of which they approved. One of the measures in the plan was voluntary separation with the view of ensuring the sustainability of the organisation,&#8221; he stated.<\/p>\n<p>\u00a0<\/p>\n<p>NWR is offering its employees who would like to separate voluntarily two weeks\u2019 salary for every year of uninterrupted service as a severance pay-out.<\/p>\n<p>\u00a0<\/p>\n<p>In addition, any leave balances as at 30 September 2020, subject to a maximum of 60 days, will be paid-out.<\/p>\n<p>\u00a0<\/p>\n<p>Any accrued leave days above 60 days will be paid at 50% or half of the excess days.<\/p>\n<p>\u00a0<\/p>\n<p>Any employee entitled to an annual birthday bonus, a proportion equal to the months since the last bonus, will be paid out one month\u2019s salary in lieu of notice.<\/p>\n<p>\u00a0<\/p>\n<p>Total Pension Fund credit in line with the Pension\/ Provident Fund Rules\/ Laws will also be provided.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cBased on worldwide experiences, we are aware that it would be difficult for us to have the same staff profile pre Covid-19.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cMost companies around the world have begun following the same trend to find ways of reducing their wage bill and other operational costs,\u201d said Dr Matthias Ngwangwama, NWR Managing Director.<\/p>\n<p>\u00a0<\/p>\n\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":11,"featured_media":297213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,24],"tags":[],"class_list":["post-297215","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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