Good

efighter:


You go school at all?

you are the illiterate here..
This won't affect the staffs unless they want to reduce no of staff which won't even affect new intakes if there is any

Angle1d:

That is not suppose to happen

It is what it is…

southniyikaye:
how will this affect your joining or not joining?

Your coconut head should tell you that there will be reduction in the human capital. sack loading

osuofia2:

Your coconut should tell you that their will be reduction in the human capital. sack loading

so if there is goona be a sack, will it be new intake with low salary?
Make una dey use una sense naw

southniyikaye:
so if there is goona be a sack, will it be new intake with low salary?
Make una dey use una sense naw

however it is. Working in Honey well isn't the best at the moment.

osuofia2:

however it is. Working in Honey well isn't the best at the moment.

that's what you should have said.. But this too might not actually be true.. The only thing I can say is, there will be pressure on the work force

Rexymania:
Something is telling me Dangote has an hand in this. That guy won dominate Nigeria to the core

How dis one concern Dangote? How

Rexymania:
Something is telling me Dangote has an hand in this. That guy won dominate Nigeria to the core

How does Dangote benefit from strengthening one of his major competitors in the Foods, Beverage and Milling Industry

Rexymania:
Something is telling me Dangote has an hand in this. That guy won dominate Nigeria to the core

dangote no more in flour, noodles, semolina etc he has sold everything years back

southniyikaye:
so if there is goona be a sack, will it be new intake with low salary?
Make una dey use una sense naw

LIFO. Ask one HR here what it means. I doubt they will reduce staff anyways.

There's money in Nigeria. It's interesting to note that most multibillion naira acquisitions are done by Nigerians and Nigerian companies. Even the assets of Shell were acquired by Transcorp and Heirs Holding , BOC too is now 100% owned by Nigerians while Shoprite was acquired by a Nigerian too.
I pity those who focus on the negatives and miss out on their blessings. If you curse the land, it will withhold its blessings from you.
Congratulations to FMN. God bless Nigeria.

Fire Outbreak At Bonny Jetty In Port Harcourt


https://www.youtube.com/watch?v=gGeTq2feR9s

This is complete acquisition aimed at monopoly of the flour market...if the SEC knows what its doing they will enact the anti trust clause and breach this thing

southniyikaye:
how will this affect your joining or not joining?

When things like this happens, it usually leads to a lot of anxiety, you won't sleep well knowing U could be laid off, colleagues from your last place of work could then laugh at you.

I went through sort of thing a few years ago, I don't want another one so soon after.

Rexymania:
Something is telling me Dangote has an hand in this. That guy won dominate Nigeria to the core

Dangote that could not manage his spaghetti company wan acquire honeywell? Do you think dangote owns flourmills?

Say hello to monopoly

Anti competitive monopolistic move

southniyikaye:
you are the illiterate here..
This won't affect the staffs unless they want to reduce no of staff which won't even affect new intakes if there is any

It will affect the staff. There will be duplication of duty. For example, Honeywell may have a sales manager for a particular area and Flour Mills also, when both businesses merge, you only need one sales manager for that area. Ergo, one has to be sacked. If there is no consolidation of jobs, then how does the merger help the business. One way of cutting costs after merger is to consolidate jobs.


And yes, new staff are first to go as they will get less severance pay. Severance is usually determined by years spent working.

Oh

Ikea81:



LIFO. Ask one HR here what it means. I doubt they will reduce staff anyways.

Last in .... First out? �������

This is a big problem cos Flourmills would now dictate whatever happens in the flour mkt.
They can easily play with the price without recourse

He lived above his means, he doesn't know how to do business.

Orlaoluwayimika:
This is a big problem cos Flourmills would now dictate whatever happens in the flour mkt.
They can easily play with the price without recourse

There is crown flour, gold mama and others

Lifestone:
This acquisition is strategic for Oba Otudeko as a way of managing the various challenges he has had with banks on the various outstanding loans expecially those of First Bank.
This deal will get him the required liquidity and breathing space needed to address other problems. He's not getting younger.

Otudeko money don go down well a. He is the one selling here.

prophetfire:
Otudeko money don go down well a. He is the one selling here.

That's my point Bro.

fergie001:


Honeywell Group up

Wow, I must commend the current management of Flour Mills Nigeria
The company is really punching hard in the fast moving consumer goods industry (FMCG)...
From taking majority share the flour market in Nigeria to giving Nestle's Golden morn run for it's money in the cereals market with it's Golden penny Amazing Day cereals...
FMN shares should rise higher in d years to come

toujurs:
There is crown flour, gold mama and others

What percentage of the mkt share do they control.

Flourmills and Honeywell used to ve the largest mkt share merging their mkt share togeda, Flourmills would definitely be controlling more than 50% of d mkt share and with this, they would dictate the price in the mkt.

efighter:
Once Otudeko was stripped out of FBN looting, the useless thief is now nakked on the streets. The old thief is nothing without the poor masses money. In order for Oba Otudeko to repay the loans he took from FBN, he has to sell out the fraudulent company Honeywell Flour Mills.

You need to think deeply before making comments in public forums. If you had read the public statement released by his Son, you would have understood their new way of thinking. Honey Group is transforming into an Investment or Holding company. I believe whatever they get from the sale will be ploughed into other businesses where they won't necessarily have controlling shares.

Just say flour mills has effectively taken over honeywell... no more competitors

Lifestone:
This acquisition is strategic for Oba Otudeko as a way of managing the various challenges he has had with banks on the various outstanding loans expecially those of First Bank.
This deal will get him the required liquidity and breathing space needed to address other problems. He's not getting younger.

you're right. at least, 99.999999999999 percent of his travails will cease.

Lifestone:
This acquisition is strategic for Oba Otudeko as a way of managing the various challenges he has had with banks on the various outstanding loans expecially those of First Bank.
This deal will get him the required liquidity and breathing space needed to address other problems. He's not getting younger.

fear any so called billionaire for nigeria