Foreign currency shortages & Govt import restrictions affect Unilever

Unilever Zimbabwe has slashed salaries by 50% after it was affected by Government’s move to restrict imports as well as challenges with foreign currency payments.

Sources that talked to The Herald said that the current restructuring is in response to the import restrictions which adversely affected the company while Unilever corporate affairs director for Southern Africa said the move is in response to the prevailing economic conditions.

More: Herald