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Africa’s largest syringe company closes operations in Nigeria

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Jubilee Syringe Manufacturing (JSM), once touted as the largest syringe manufacturing company in Africa, has officially shut down operations in Awa, Onna local government area of Akwa-Ibom.

The company, inaugurated in 2017 by former Vice President Yemi Osinbajo, cited unfriendly business environment  as the primary reason for the decision.

The company, owned by a Turkish national, Onur Kumral is one of the several industries attracted to the state by the administration of former governor Udom Emmanuel.

In a memo addressed to all the workers, a copy of which was made available to newsmen, noted that all positions have been placed on temporary redundancy effective Jan. 1, 2024.

The statement titled “Temporary Redundancy – Service Not Needed Till Further Notice,’’ and addressed to all workers read in part, “We trust this message finds you in good health.

“It is with a heavy heart that we write to you today to communicate a challenging decision that Jubilee Syringe Manufacturing company limited has had to make due to unforeseen circumstances affecting our business operations.

“After careful consideration and a thorough evaluation of our current business situation, we regret to inform you that we must implement temporary measures to ensure the long term sustainability of the company.

“Unfortunately, this includes placing all positions including yours on temporary redundancy effective January 1, 2024.

“We want to emphasise that this decision is not a reflection of your individual performance or dedication to the company.

“The challenging business environment we find ourselves in, has compelled us to take these difficult steps.

“Please return all company belongings in your custody.

“Thank you for your understanding and cooperation during these challenging times.

Meanwhile, the company stressed that the decision to place all positions on temporary redundancy was not a reflection of individual performance or dedication but a response to the challenging business environment faced by JSM.

 

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