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Malawi Postal Corporation (MPC) has disclosed that it is deep in debt of over MK9.3 billion that is compromising its operations and for it to remain afloat, it needs to be recapitalized by government as the initial stage of turning around. One of the measures is for the statutory corporation to downsize its staff compliment […]
The Malawi Postal Corporation (MPC) says a possible downsize of its workforce from 800 to 300 as proposed following a recent functional review can help revive its operations, pointing out that the Corporation is currently on its “death bed.”
MPC’s Board Chairperson Noel Mkulichi and Acting Postmaster General Zacchaeus Meke jointly disclosed this on Tuesday in Lilongwe during an interface with two Parliamentary Committees; one on Industry, Trade and Tourism and another on Media, Information and Communications.
According to Meke, the establishment is deep in debt and that its operations are currently compromised.
“Our debt currently stands at about K9.3 billion, said Meke.