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May 13, 2018 12:00 am
Increasing complexity of local economy, decreasing aggregate effective demand, increasing infrastructural deficits, multiple taxes and charges have all contributed to lower productive capacities and volumes, thereby increasing cost of doing business and decreasing profit margins.
Specifically for our business, we continue to experience declining volumes and lower productive capacities, loss of a major customer especially in our branch network, in addition to escalating operational costs and decreasing margin. With the ever increasing need to satisfy our customers with supply of quality steel drums/produ…
Read the full article at: http://www.businessdayonline.com/greif-nigeria-announces-restructuring-plan/