As you read, the sweet simplicity of the steep per cents has deserted Oando Oil Company, like a spent era of prosperity and pliant luck. Oando, presumably one of Nigeria’s leading oil companies, has suffered a devastating blow that rankles to its foundations; due to bad debt, the company has been forced to sack some of its workers today.
Wale Tinubu, Oando Plc boss, has encountered his tender state. He has finally learnt that, while leaves of hope may thrive in his orchard today, blossoming and attracting abundant niceties to his name, tomorrow may dawn with famine and a killing frost.
For the Oando Plc boss, tomorrow dawns harshly and with unprecedented ugliness, causing his orchard to wilt and nipping his hopes of redemption from the roots to the bud.
In the last few months, many top organizations have thrown thousands of their employees into the labour market for reasons ranging from insolvency and paucity of funds. Some of the companies laid the blame at the doorsteps of the employees citing lateness, dereliction of duties, absence and other workplace behaviours identified as unproductive to the course of the companies. Shame!
It is also learnt that staffers at the top echelon of Oando are also facing hard times, as their salaries, incentives and emoluments are presently undergoing surgery on the table of its Human Resources Dept. The drastic cuts, which are expected to take effect from first quarter of 2016, are to cushion the effect of the sorry state of its finances. Sources say training of staff has been restrained to Nigeria.