Business News of Saturday, 24 May 2003

Source: gna

Czech company takes-over Shoe Factory Today

Telfin, the Czech Company which purchased the Kumasi Shoe factory is to commence production on May 24.

Mr Edward Osei-Kwaku, Member of Parliament (MP) for Asokwa-West, said the appointments of the workers currently at the factory would be terminated.

Mr Osei-Kwaku said the termination of appointments was to make way for the take-over of the factory by the new company.

''The workers severance entitlements have already been worked out and submitted to the appropriate authorities'', he said

The MP was on a tour of some establishments, including the shoe and jute factories and the Daniel Sawmills Company in the constituency.

He also inspected work on dredging works on the Susan stream, which stretches from Aboabo through Anloga, Ahensan to Atonsu.

At the Jute factory the MP was unhappy about how the factory and its machines were lying idle, saying the government was working hard to get the factory function again.