Employees of RCL Foods from various parts of South Africa have threatened to carry out a company shutdown due to the non-payment of their share investments.

They presented a memorandum of demands to the company’s management after gathering in Spine Road, Westville. RCL Foods, which is a consumer goods and milling company, had invested in shares units for its workers in 2008.

However, the shares were supposed to mature after seven years and pay out dividends to the employees in July each year. The company has been refusing to pay these shares, according to the workers, affecting them financially.

The employees have given the company seven days to respond to their demands; otherwise, they will stage a national shutdown.

Print Friendly, PDF & Email