Coen Welsh | Nov 14, 2017 | 0
Go-ahead for Brukarros
The Namibian Competition Commission during the third1 quarter and fourth2 quarter in total adjudicated on 32 mergers. Of the 32 merger adjudicated on, two mergers were conditionally approved and 30 mergers unconditionally approved and no mergers were prohibited during the period under review.
The Chief Executive Officer of Namibian Competition Commission, Mihe Heinrich Gaomab II said considering all the relevant information at its disposal the Commission resolved to approve the proposed merger between Brukarros Meat processors and White Flower Investments, with the following conditions: that Brukarros shall limit the number of retrenchments to 10% of its current employees, for a period of two (2) years from the date of determination of the merger by the Commission.
Furthermore the conditions stated that Brukarros re-employs retrenched employees part of the Paterson grading system grades A2 to A4, whenever making new appointments for a period of two (2) years from the date of determination of the merger by the Commission.