Uniroyal Marine Exports Restructures Workforce

Uniroyal Marine Exports Ltd has undertaken a workforce restructuring and rationalization due to significant operational challenges post-COVID-19. The seafood processing and export industry faces issues like reduced raw material availability, fluctuating procurement, increased input costs, supply chain disruptions, and changing market conditions. This has led to manpower under-utilization in certain areas. The company has reviewed its organizational structure and decided to rationalize its workforce based on current operational needs. Uniroyal Marine Exports has also ensured settlement of all statutory dues and eligible benefits for affected employees as per laws and company policies.