Fine steel Zambia Limited of Kabwe is also considering sending about 250 workers away and place the plant on care and maintenance following the increase in electricity tariffs by about 200 percent.
Workers at the Chinese owned steel company which is also one of the largest single private employers have disclosed to the Zambian Watchdog that management had a meeting with the workers at which they were told that things are not good for the company.
The workers have also said that the foreseen political instability and continuous demands of bribes by PF and government officials is making the company run at a loss and scaring their investment.
“We were called and told that things are not okay and maybe we may be put on some form of long term leave. We are not properly paid but the Chinese owners have also been complaining that some senior government and PF officials have been demanding for bribes from the company. We often see the DC Mr. Patrick Chishala and the MP Mr. James Kapyanga come and meet with the Chinese but we don’t know what they discuss,” said one worker.
Just earlier this week, another Kabwe company Ferro Alloy Manganese processing factory closed operations and placed 200 workers on the street while the plant was put on care and maintenance citing high electricity tariffs. The situation has been received with sad feelings in the town which is struggling with high unemployment levels after President Lungu duped the residents into reopening Mulungushi Textiles.