Cash-strapped retailer, Nakumatt Supermarkets has announced plans to pay its employees June salary arrears in three installments spread over three weeks.
In a memo to its staff, the company’s Managing Director Mr Atul Shah noted that they have had challenges in meeting payment of salaries for the last few months citing “financial and operational constraints”.
“The company has reviewed salary payment plans with an intention of ensuring that every employee gets a percentage of his/her salary every for a total of three weeks in a month.” read part of the memo.
With this, Nakumatt management will implement the new pay scale for June 2017 salaries as follows;
- In the first week of the month, they will be paid 30%
- In the second week of the month, they will be paid 30%
- In the third week of the month, they will be paid 40%
It many be recalled that in May, the company quietly sent more than 100 of its employees on forced leave and delayed salaries of more than 1500 employees.
Mr Atul Shah in the memo also told his staff that “a few individuals” should not sway them from their collective responsibility towards recovery and stability.
The decision by Nakumatt to pay salary arreas in installments comes barely a day after the retailer shut down three branches in in Uganda, at Acacia Mall, Village Mall and Victoria Mall.
In a statement on its website, Knight Frank Uganda said “Nakumatt has had some performance issues and we felt that they were not adding much value to the three shopping malls.”
Related; Privately Run Nakumatt Requests Government Bailout
