MIFCO Ensures Salaries of Ordinary Employees Will Remain Unchanged Amid Cost-Cutting Measures

The Maldives Industrial Fisheries Company (MIFCO) has announced that the salaries of ordinary employees will remain unchanged as part of the company’s ongoing efforts to reduce costs and enhance management efficiency.

During a media briefing, MIFCO representatives emphasized that the new measures aimed at strengthening the company's management structure will not affect the salaries of regular employees. These initiatives are designed to identify inefficiencies and reduce waste within the organization without compromising the financial well-being of its workforce.

"MIFCO is committed to ensuring that our employees receive the compensation they deserve. We are restructuring allowances to ensure they are properly allocated to their rightful recipients," stated a MIFCO spokesperson. This restructuring is seen as a necessary step to improve the company’s financial health while maintaining fairness and transparency in employee compensation.

Additionally, MIFCO addressed recent rumors circulating on social media, which suggested that the company was laying off employees and reducing salaries and allowances. MIFCO categorically denied these claims, describing them as false stories aimed at discrediting the company.

The company’s reaffirmation comes at a critical time as MIFCO seeks to bolster its management practices and enhance operational efficiency. By maintaining the salaries of ordinary employees, MIFCO aims to preserve morale and ensure stability within its workforce while pursuing broader financial and operational improvements.

As MIFCO continues to navigate its restructuring process, the company remains focused on sustaining its role as a key player in the Maldives' fisheries sector, ensuring that both its employees and the industry at large benefit from its ongoing efforts to optimize operations and reduce unnecessary expenditures.