Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation - Health

Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation - Health - Nairaland

Nairaland Forum › Nairaland General › Health › Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation (29008 Views)

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Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by References(op): 2:53pm On Jan 03, 2024

Jubilee Syringe Manufacturing (JSM) company in Awa, Onna LGA of Akwa Ibom, has ended its operations, attributing the decision to “unforeseen circumstances affecting our business operations.”

The company, reputed to be the largest syringe manufacturing venture in Africa, was inaugurated in 2017 by former Vice President Yemi Osinbajo.

Though it had stopped production many months ago, it finally announced the end of operations on December 31, 2023, saying it had to implement temporary measures to ensure the company’s long-term sustainability.

In a memo addressed to all the workers, a copy of which was made available to journalists, stated that all positions, including yours, have been placed on temporary redundancy effective January 1, 2024.

The statement titled ‘Temporary Redundancy – Service Not Needed Till Further Notice’ said, “We trust this message finds you in good health. It is with a heavy heart that we write to you today to communicate a challenging decision that Jubilee Syringe Manufacturing Company Limited has had to make due to unforeseen circumstances affecting our business operations.

“After careful consideration and a thorough evaluation of our current business situation, we regret to inform you that we must implement temporary measures to ensure the long-term sustainability of the company.”

It added, “Unfortunately, this includes placing all positions, including yours, on temporary redundancy effective January 1, 2024. We want to emphasise that this decision is not a reflection of your individual performance or dedication to the company.

“The challenging business environment we find ourselves in has compelled us to take these difficult steps.

“Please return all company belongings in your custody. Thank you for your understanding and cooperation during these challenging times.”

https://gazettengr.com/syringe-manufacturing-company-packs-up-cites-challenging-business-situation/

12 Likes 4 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Paystack(f): 2:58pm On Jan 03, 2024

Tilumbu is working

219 Likes 21 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by pepetua(m): 2:59pm On Jan 03, 2024

No problem, 🌿 herbs dey,
Na food be our concerns

41 Likes 9 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by iwaeda: 3:00pm On Jan 03, 2024*

References:
https://gazettengr.com/syringe-manufacturing-company-packs-up-cites-challenging-business-situation/

Nothing can survive under APC, it will get hotter. My prayer, may God not allow sickness near you. If businesses are packing up, grave implications for the economy. grin

88 Likes 8 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by GRACEGLORY: 3:00pm On Jan 03, 2024

🙄

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by jeff1993: 3:00pm On Jan 03, 2024

May Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation favor me and my family

80 Likes 7 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Kobicove(m): 3:00pm On Jan 03, 2024*

But these guys were running a near monopolistic business, how then did it fail?! undecided

18 Likes

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Factfinder1(m): 3:00pm On Jan 03, 2024

Nothing last in Nigeria

24 Likes 2 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by symbianDON(m): 3:00pm On Jan 03, 2024

All hail APC!!!

57 Likes 4 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by id4sho(m): 3:01pm On Jan 03, 2024

E remain toothpick own tongue

Petrol 1200 loading, final burial.

Devaluation, subsidy removal, IMF puppet angry

46 Likes 3 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Mindlog: 3:01pm On Jan 03, 2024

And some dimwits wants other Nigerians to believe all is well with the economy.

79 Likes 1 Share

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Nonso92(m): 3:01pm On Jan 03, 2024

1 down

7 Likes 1 Share

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by MrRemedyAlagbo(m): 3:01pm On Jan 03, 2024

In everything you do,make sure you take good care of your health,and you can embrace most effective and affordable way to cure yourself which is herbs, just know a professional that knows the dosage, hygienic way to prepare it,mode of decoction and have deeper knowledge of ancient herbs.

Health is wealth.

14 Likes 2 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by bigdammyj: 3:01pm On Jan 03, 2024

Noted.

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by LOVEALAIGBO: 3:01pm On Jan 03, 2024

I remember when this factory was launched with so much fanfare!

48 Likes 1 Share

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by lanre4411(m): 3:02pm On Jan 03, 2024

References:
https://gazettengr.com/syringe-manufacturing-company-packs-up-cites-challenging-business-situation/

elofokan ba le!

4 Likes

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Straybullet: 3:02pm On Jan 03, 2024

How do I get my 2 million naira from them , Payment for syringes which they never supplied since November 2022

Lawyers in the house please help a brother.

Can I still claim my money back?

25 Likes 3 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by free2ryhme: 3:02pm On Jan 03, 2024*

References:
https://gazettengr.com/syringe-manufacturing-company-packs-up-cites-challenging-business-situation/

Businesses are taking the hit

2 Likes 2 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by AdvaatOnline: 3:02pm On Jan 03, 2024

Happy New Year!

Please check our signature for loans

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Dtruthspeaker: 3:02pm On Jan 03, 2024

This is definitely an economic attack on Nigeria. Devil dey vex say Nigeria no gree leave God! grin

We go use bamboo for syringe and e go work! Devil go shock! grin

14 Likes

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by VIKTO83(m): 3:02pm On Jan 03, 2024

When people do bad business they attribute it to government policies.
Syringe and needle business as long as I'm concerned is a very lucrative business.
If u investigate well now u will find out they did bad business.

13 Likes

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by princejones(m): 3:03pm On Jan 03, 2024

Was this company even working cos l don't understand how a whole company can just close like that

2 Likes 2 Shares

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by LOVEALAIGBO: 3:03pm On Jan 03, 2024

Factfinder1:
Nothing last in Nigeria

Except kwarruption and rigging the electoral process!

25 Likes 1 Share

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Seanjigga: 3:03pm On Jan 03, 2024

Omo. What a way to start the new year. I feel for the workers most.

26 Likes 1 Share

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Mefa01: 3:03pm On Jan 03, 2024

Unfortunate situation we found our self in this country. What tribalism, ethnicity and religious bigotry have caused us.

30 Likes 1 Share

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Keet5(m): 3:03pm On Jan 03, 2024

Hmmm
.
Meanwhile at an affordable price dm me for your logo and flyer design

Re: Syringe-manufacturing Company Packs Up, Cites Challenging Business Situation by Dangrace01: 3:03pm On Jan 03, 2024

Policy somersault Nawa oh

We can't pack up we must keep pushing. As we no get money to jakpa make we dey try

This engine no dey pack up check my profile for more

1 Like