Several employees of Société Sucrière du Cameroun (Sosucam), leader with a virtual monopoly in the sugar sector, almost lost sleep over rumours flying on social media, talking about mass dismissals on the horizon, at the very moment when the company is starting the 2017 sugar season.
But, they can put their minds to rest with the communiqué from the top management of Sosucam rather announcing that it signed on 13 October 2016 a new contract with its social partners in the presence of the Work and Social Security delegate from the Haute Sanaga district, Amadou Abdoulaye.
According to Louis Yinda, CEO, “Sosucam as a corporate citizenship, rather offered a exclusively voluntary redundancy packages, for employees who choose it, with attractive and very advantageous conditions. Whether it is a negotiated departure or a voluntary early retirement, depending on the age of the personnel, we offer opportunities for a career change outside of the company, a personal project, or an early and improved retirement”.
Sosucan, a food industry producing and marketing sugar, was created in 1965. It is the subsidiarity of French group Somdiaa which employs close to 8,000 persons during the sugar season.