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Disclaimer: We are not folding up but restructuring, Jubilee Syringe Manufacturing Company Says

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Temi Ajibola

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Jun 22, 2023
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Jubilee, the largest syringe manufacturing company in Nigeria made it to the news earlier this week on account of closing up business.

The company, located in Akwa Ibom, has issued a disclaimer regarding the circulated news, affirming that it's untrue. JSM stressed that in the letter sent to its employees, it clarified that their services are temporarily suspended until further notice, without any mention of the company shutting down.

The management team of the company has reportedly faced challenges in meeting the expected goals for the syringe factory despite substantial investment. As a result, the investors have decided to restructure both the management team and the production lines to improve profitability and ensure sustainability.

Continue reading >>> https://hubforjobs.com/disclaimer-w...ut-restructuring-jubilee-syringe-manufacturin