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Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" - Business - Nairaland

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Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by lalasticlala(m): 1:32pm On Mar 02, 2021
Dozens of Shoprite outlets in Nigeria have been shut down as workers commenced an industrial strike action.

Workers of retail giant, Shoprite have embarked on a nationwide industrial strike action demanding proper information on staff benefits as well as terms of sale to interested investors who are on course to acquire the Nigerian subsidiary of the South African retail outlet.

A report by the Foundation for Investigative Journalism (FIJ) suggests that all 25 outlets of Shoprite in Nigeria have been shut down by workers.

The report revealed further that the workers embarked on industrial action over claims of sale of the retail company to Palms Mall owners, Tayo Amusan and Persianas Properties Limited, without appropriate information on the terms of the acquisition, and the impact of it on their contracts.

The nationwide strike action which has seen 25 outlets of the retail brand closed today have been said to be flared up by inappropriate treatment of the company’s workers and issues related to the terms of their contract papers as many of them were to work with Shoprite South Africa until between 2035 and 2040.

What you should know:

Recall that the South African retailer, Shoprite International Limited in August of 2020 laid bare plans to discontinue its operations in Nigeria, and as a result, resolved to sell-off majority of its stakes in the retail units in order to focus more on core operations and investment in Southern Africa.

The decision was taken at the back of the poor performance of the subsidiary driven by government policies such as border closures and tight competition from players like Spar, Justrite, Ebeano, Addide.

The report revealed that Tayo Amusan, a property developer and the promoter of the Palms Mall owned by Persianas Properties Limited is in talks with Shoprite to facilitate the acquisition of the leading retail company.

With a Nigerian company attempting a takeover from the South African retailer later this year, the staff of the retail unit have demanded to be paid off rather than run the risk of being dismissed under new management.

Shoprite controls 22% of Nigeria’s formal retail, future to be driven by indigenous retailers
Shoprite lays off 115 workers, shuts down second branch in 5 months

https://nairametrics.com/2021/03/02/shoprite-on-nationwide-shutdown-as-workers-embark-on-industrial-strike-action/

1 Like 1 Share

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by iceberg02(m): 1:36pm On Mar 02, 2021
lipsrsealed lipsrsealed lipsrsealed
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by DropsMic(m): 1:43pm On Mar 02, 2021
BUHARI'S harsh policies finally chased them away...

The drink buhari drinks every morning

129 Likes 4 Shares

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Maxymilliano(m): 1:43pm On Mar 02, 2021
Wahala everywhere ..

3 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by kayusely70(m): 1:43pm On Mar 02, 2021
Perilous Times

5 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by adextetoo(m): 1:44pm On Mar 02, 2021
So Buhari Body Odour Have Reached Shoprite Too grin

Baba is in shock!

Shoprite is electrocuted!!


Palms Mall the hero grin

42 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Cti28(m): 1:44pm On Mar 02, 2021
Buhari well done

5 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Triangles1(m): 1:44pm On Mar 02, 2021
Yes let Naija take over just like TSTV to take over.

7 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by iretemide(f): 1:45pm On Mar 02, 2021
No wonder !
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Nobody: 1:45pm On Mar 02, 2021
Seun, lalasticlala and others
Why can't u guys fix this issue of nairaland loading ridiculously slow. This has been happening for weeks now, yet nothing has been done about it. If it's to dish out ban, u guys will be doing it like ur life depends on it. Pls fix this thing once and for all. Its making ur site boring and annoying.

182 Likes 16 Shares

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by tillaman(m): 1:45pm On Mar 02, 2021
If not that things are not so good in the country I
Imagine being at the mercy of a lackey/slob’s decision
Some are even meant to work with them till 2035-2040 chai

6 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by simhosting: 1:45pm On Mar 02, 2021
Nawa
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Olukat(m): 1:45pm On Mar 02, 2021
They are all evading Nigeria now but when this calamity will pass...
All will be fine again! I don't know why I keep counting days to 2023 shocked shocked

12 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by catice(m): 1:45pm On Mar 02, 2021
hmmmm
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by id4sho(m): 1:46pm On Mar 02, 2021
who no get wahala,
Wahala no dey finish.
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by MuchAdo: 1:46pm On Mar 02, 2021
ok
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by uchaymart(m): 1:46pm On Mar 02, 2021
Buhari government has destroyed more than it has amended in Nigeria.

7 Likes

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Chidex50(m): 1:47pm On Mar 02, 2021
THIS ONE NO FIT SHAKE US.WE'VE SEEN IT ALL IN THIS COUNTRY. IT'S A MERE BUSINESS SHAKEUPS!

5 Likes 1 Share

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by eluquenson(m): 1:47pm On Mar 02, 2021
okay oh
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by BSdetector: 1:47pm On Mar 02, 2021
I can't wait for automation to take over....stuffs like this would be avoided.
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by airminem(f): 1:47pm On Mar 02, 2021
Osinbajo and Amaechi are on DRUGS!
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by ubaobi: 1:47pm On Mar 02, 2021
its always a bad economic sign when investors start running away from your country, no country develops without Foreign Direct Investment, its now clear that government policies are actually killing the economy.

1 Like 1 Share

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by elmessiahs(m): 1:47pm On Mar 02, 2021
so they are back to the labour market
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by kaymart: 1:48pm On Mar 02, 2021
times are hard.
Naija...which way?

2 Likes 1 Share

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by northvietnam(m): 1:48pm On Mar 02, 2021
Nah Dangote go open mall very soon cuz government is making rough policies for foreign Mall owners so they can pack up and japa thereby creating the space for Mr monopoly to come and take over

12 Likes 2 Shares

Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by blinking001(m): 1:48pm On Mar 02, 2021
Hmmm
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by RichDad1(m): 1:48pm On Mar 02, 2021
Hmm
Re: Shoprite On Shutdown, As Workers Go On Strike Over "Sale To Palms Mall Owners" by Commonguy(m): 1:48pm On Mar 02, 2021
Omo this Nigeria hardship matter hot every part of the country.. no place dey left out

1 Like

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