General News of Wednesday, 29 January 2020Source: starrfm.com.ghNeoplan shutdown put on hold after government interventionWorkers of Neoplan are owed many months in salary arrearsGovernment has intervened to avoid the imminent collapse of Neoplan. A top official of the company told Starr News they have received calls from government to put the planned shutdown on hold. In 2016, the company approached the government to help settle a debt of US$173,000 to gain an additional 20 per cent shares in the company. The memo dated on January 15, 2020 and signed by the Managing Director of the company, Mr Georges Nassar titled; “Closure of Neoplan (Ghana) Limited”: “Management regretfully informs you that Neoplan (Ghana) Limited will be closing down its branches on 31st January 2020.”“This is due to lack of contracts and recurring monthly losses incurred. As a result, all employment contracts with the company will be terminated as of the said date until further notice,” the memo added.

Source: GhanaWeb January 29, 2020 09:11 UTC