Unilever Caribbean Limited has issued retrenchment notices to employees from its manufacturing division. This comes after Unilever sold its Spreads business as part of its restructuring exercise in 2018.
The following is a press release Unilever:
With its third-party supply agreement set to end on July 31, Unilever Caribbean Limited (UCL) has issued notices of retrenchment to its employees from the manufacturing division. This will take effect on July 31st, 2022.
After Unilever sold its Spreads business in 2018, UCL as part of its restructuring exercise entered into a four-year supply agreement with a Third Party. This arrangement was the result of exhaustive analyses of the current operations and various restructuring strategies.
Now that the supply agreement has expired, the company, unfortunately, has no option but to let go the employees of the manufacturing division.
Before instituting this retrenchment exercise, UCL engaged in extensive consultations with the Oilfields Workers’ Trade Union (OWTU), the recognized majority union for workers employed by the company. These in-depth discussions were meant to reach a mutually agreeable outcome, if at all possible, in the interest of all parties, especially the affected workers.
The Company will continue to prioritise the safety of all personnel, plant and equipment and will continue to actively pursue the well-being of the people and the operations of the company. UCL will abide by and operate in accordance with all legal obligations in all matters relating to this decision.
The company wishes to express its deep appreciation for the service and contribution made by its employees over the past years.
