{"id":73882,"date":"2023-02-10T13:14:47","date_gmt":"2023-02-10T11:14:47","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs"},"modified":"2023-02-10T15:52:11","modified_gmt":"2023-02-10T13:52:11","slug":"a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs","title":{"rendered":"A Decade Later, Former Ziscosteel Employees Haven\u2019t Received Their Pension Pay-outs"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Former Ziscosteel<\/b> employees have now gone for about a decade without receiving their pension pay-outs after the government-owned company collapsed.<\/p>\n

In 2015, then Finance Minister, Patrick Chinamasa, announced during a budget presentation that Ziscosteel employees had been terminated on three months\u2019 notice with effect from December 31 of that year.<\/p>\n

Since then, the workers have not received their pensions.<\/p>\n

Ziscosteel board chairperson, Martin Manuhwa, recently addressed some of them at the company\u2019s Redcliff premises but did not indicate when the pension payments would be made, NewZimbabwe reported. He said:<\/p>\n

The issue of pensions is very painful.<\/p>\n

As Ziscosteel, we are proud of pensioners because they are the ones who made this company to be what it is.<\/p>\n

As Ziscosteel, we are urging the pension fund, IPEC and government to ensure that the commitment made in 2018 for the pensions through the pension fund.<\/p>\n

As ZISCO board and management, we … we raised the issue with the authorities … that or our pensioners are not getting anything.<\/p>\n

Even the industry minister spoke about this issue in parliament to have this issue resolved. She is so concerned about it.\u201d<\/p>\n

It\u2019s not a ZISCO management issue per se.<\/p>\n

The company will come in through their pension contribution which they have to be paying … (and) our concern is that Zisco must pay its portion. We feel for you and we will raise this issue.<\/p>\n

Redcliff Member of Parliament (MP) Lloyd Mukapiko said it\u2019s very sad that up to now the ex-workers are yet to receive their pensions. He added:<\/p>\n

What is more saddening is the fact that some of these former workers are dying without receiving their pensions. There is a lot of uncertainty on when these former employees will receive their pensions.<\/p>\n

Zisco Steel, also known as Zimbabwe Iron and Steel Company, was a state-owned steel company in Zimbabwe.<\/p>\n

At its peak, it was one of the largest steel companies in the country and a major producer of steel products.<\/p>\n

However, the company faced several challenges, including a shortage of raw materials, mismanagement and financial difficulties, leading to its eventual closure.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Former Ziscosteel employees have now gone for about a decade without receiving their pension pay-outs after the government-owned company collapsed. In 2015, then Finance Minister, Patrick Chinamasa, announced during a budget presentation that Ziscosteel employees had been terminated on three months\u2019 notice with effect from December 31 of that year. Since then, […]<\/p>\n","protected":false},"author":84,"featured_media":73881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,7],"tags":[1493,2189,13894,19,5272],"class_list":{"0":"post-73882","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-files","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-redcliff-kwekwe","12":"tag-zimbabwe","13":"tag-ziscosteel"},"yoast_head":"\nA Decade Later, Former Ziscosteel Employees Haven\u2019t Received Their Pension Pay-outs - zimbabwe<\/title>\n<meta name=\"description\" content=\"Former Ziscosteel employees have now gone for about a decade without receiving their pension pay-outs after the g ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Decade Later, Former Ziscosteel Employees Haven\u2019t Received Their Pension Pay-outs\" \/>\n<meta property=\"og:description\" content=\"Former Ziscosteel employees have now gone for about a decade without receiving their pension pay-outs after the g ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-10T11:14:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T13:52:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/02\/postQueueImg_1676022308.12.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"457\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/a-decade-later-former-ziscosteel-employees-havent-received-their-pension-pay-outs\",\"name\":\"A Decade Later, Former Ziscosteel Employees Haven\u2019t Received Their Pension Pay-outs - 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