Jubilee Syringe Manufacturing (JSM), once celebrated as Africa’s syringe manufacturing company, has declared temporary redundancy in its operation in Nigeria.
The firm which opened an operation in Nigeria's South-south region of Awa in the Onna Local Government Area of Akwa Ibom State, said the decision was made following “unforeseen circumstances affecting our business operations”.
According to BusinessDay, the company reputed to be the largest syringe manufacturing venture in Africa was inaugurated in 2017 by then-Vice President, Yemi Osinbajo.
Titled “Temporary Redundancy – Service Not Needed Till Further Notice,’’ the memo was signed by the company’s Managing Director, Akin Oyediran.
“After careful consideration and a thorough evaluation of our current business situation, we regret to inform you that we must implement temporary measures to ensure the long-term sustainability of the company.
“Unfortunately, this includes placing all positions including yours on temporary redundancy effective January 1, 2024.
