When will Zambezi Portland Cement see sunshine?

The Zambezi Portland Cement factory is now left at the mercy of the Ventriglias. The objective of the current management group if to extract as much money as possible from the cash box of the factory and transfer the same to some offshore accounts.

The condition of the workers has degraded thoroughly. Workers are often mistreated and are seen as slave who work in the factory tirelessly. In return, they receive rebuke from the management along with delayed salaries. A recent affair which shocked the nation was termination of 47 workers from the factory without being given an opportunity of being heard. The event took place within the premise of the factory and the union was not even intimated of the same.

Zambezi Portland Cement

A factory which had flourished in the previous year, is now witnessing a dark phase under the Ventriglias. Today the major activities of the factory include corruption, mismanagement, oppression and worker mistreatment. A factory which used to generate USD $ 5 million monthly is now facing losses.

A worker of the factory said, “I am have been working in this factory for the past 2 years. Within this period, I consider myself to be privileged. However, the past few months have been rough for us. I have seen workers being fired just because there was not enough work for them. I hope that we soon see the sunshine (development), else this place will perish soon.”

At the moment, the subject of ownership stands disputed. Finsbury Investments and Ventriglia family continue to fight for the same. According to PACRA, Finsbury Investment owns 58% of the factory and hence, is recognized as the legitimate owner. Sadly, conspiracies by the Ventriglia family with the aid of Zambia Reports have managed to keep the dispute alive. The primary target of the conspiracy is Dr. Rajan Mahtani.

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