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Nairaland Forum / Nairaland / General / Business / Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria (30150 Views)
Etisalat May Leave Nigeria Over $1.2bn Loan Default / Erisco Foods Quits Nigeria, Heads For Kenya, Three Others / Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China (2) (3) (4)
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Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by WaZoBiaLander: 12:33pm On Oct 06, 2016 |
VampireeM: ALMOST A MILLION? BRO, ACCORDING TO NATIONAL BUREAU OF STATISTICS (NBS), ABOUT 4.58 MILLION PEOPLE HAVE LOST THEIR JOBS UNDER THIS GOVT IN JUST A YEAR AND FEW MONTHS...VERY PATHETIC. 2 Likes |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by Izonpikin: 12:54pm On Oct 06, 2016 |
ideology:tired of the cluelessness... 1 Like |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by ideology(m): 12:56pm On Oct 06, 2016 |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by Izonpikin: 1:00pm On Oct 06, 2016 |
ideology: ![]() ![]() ![]() ![]() all i just want to see is true federalism practiced... |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by ideology(m): 1:19pm On Oct 06, 2016 |
Izonpikin:it may not work, Nigeria today is even more fragmented than Nigeria as at 1970 Interest is too much, eg Rauf was blasted for visiting Fayose, same yoruba, same region, imagine that! 1 Like |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by Izonpikin: 1:32pm On Oct 06, 2016 |
ideology:then we get a nuclear bomb and start from the beginning... ![]() ![]() ![]() ![]() |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by ideology(m): 1:56pm On Oct 06, 2016 |
Izonpikin:just be focused on your business and help others as much as you can. |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by folexy4: 2:05pm On Oct 06, 2016 |
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Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by TijaniAbu: 7:19pm On Oct 06, 2016 |
Erisco foods is threatening to leave Nigeria and go where? After delivering such huge bribes to Aisha Cassandra Halliburton that cannot be easily refunded from FG money? They should go. Goodbye Erisco. |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by RedCapChief(m): 7:39pm On Oct 06, 2016 |
mare23ayo: Godwin Emefiele is not from the East. He is from the South-South Please go and revise your history and geography |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by Nobody: 8:47pm On Oct 06, 2016 |
carmag:Is just d country we live in, we have misplace priority. But wat u sud know is that religious bodies don't ask for dollars every month as the manufactoring companies. Left to me, I wud say govt should stop sponsoring all religious activities. |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by rmx1: 8:02am On Oct 08, 2016 |
jjman2322: Hmmm.interesting ,I see we are in similar industries ,pharma manufacturing .i feel ur pain ,can relate 100 % with what u have said But I have a different slant or view ,I see opportunities instead ,will not mention on a public forum how much we have lost and it's much due to the reasons u stated . It's an opportunity to gain market share from competitors as everybody struggles with the dollar issue ,both local producers and importers ,make no mistake ,there is scarcity of products in the market by both importers and local manufacturers ,it is the well prepared that will take this opportunity ,a lot of planning and creative thinking should be involved ,the way it is now ,u must be keeping stocks of raw materials now for 4 to 6 months if u have the capacity ,personally started early by converting loose funds to raw material last quarter 2015 ,and throughout 1st and 2nd quarter 2016,when I saw the way the writing on the wall Having a buffer stock of raw and packaging materials for months ,allows u not to be desperate to buy dollars urgently at this crazy black market rates ,allows me wait for my pending lc at the banks for months ,have more than 12lc in various banks ,one as long as February ![]() ![]() One more thing ,don't entirely agree u can't compete with importers ,for most of the products I do my prices are better than imported products and am getting great sales ,my strategy from the beginning of this year is lower margins and a higher turnover and it's working Even with the etls that made imported products duty zero last year ,remember the rise in $ affects the cost of the imported products more than the local ,because for the importers it affects them 100% for local manufacturer it affects a part of our cost ,raw and packaging ,and this might be btw 30 to 70% depending on the product ,that difference allows me do the above Maybe when my betalactam factory under construction is completed next year ,I will find out if this plays out in that field also.also note I have two other factories I run ,not pharma and I apply same ,it's challenging no doubt ,involves months of planning .i figured u must be either running the J or N factory in Enugu ,I think the N ,am sure u do a lot of business with sankil ,ask them about me ,they mentioned doing business with u ,all the best bro ,it is A tough year for businesses 1 Like |
Re: Forex: Erisco Foods Threatens To Fire 1,500 Workers, Leave Nigeria by geraob1: 11:02am On Oct 10, 2016 |
menix: U still de yan dust. |
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