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Auction Holdings Limited staff seal offices

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Williams Banda

Irate Auction Holdings Limited (AHL) employees referred sealed the company’s head office at Kanengo in Lilongwe in protest against the firm’s failure to pay them salaries and pension arrears.

The employees have not received their salaries since September last year, as the firm is reported to be hunting for K20 billion from stakeholders, including Agricultural Development Marketing Corporation (Admarc).

The employees Thursday started holding a vigil at the head office and barred everyone from entering the premises, except acting Chief Executive Officer Alfred Nkhono and other officials who wanted to address the issues raised.

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Chairperson of the concerned employees Charles Mdala said management assured them that they would get their salary and pension arrears in the next seven days.

“We are still discussing with management,” he said.

AHL Public Relations Manager Tereza Ndanga referred us to the company’s board chairperson Rhino Chiphiko, who was not immediately available for comment Thursday.

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Last year, Chiphiko revealed that, out of the K20 billion, AHL would need K3.7 million for pension arrears, K2.6 million for retrenchment and K14.3 billion for restructuring the group’s companies.

When contacted for a comment Thursday, Ministry of Finance spokesperson Williams Banda said the Treasury was looking into the matter.

In October last year, authorities assured the employees that they were working tirelessly to secure working capital and restructuring funds to implement the approved restricting process.

Last year, AHL employees also went several months without getting their salaries until Admarc provided a K6 billion relief package.

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