JSM Affirms Restructuring Plans in Nigeria, Denies Ending Operations
JSM, which was inaugurated on September 23rd, 2017, by the former Vice President of Nigeria, Professor Yemi Osinbajo, has become the market leader with its top-quality syringes in the country, in addition to creating employment opportunities for Akwa Ibom people and other Nigerians.
However, despite the huge sum invested in the syringe factory, the management staff have been unable to meet up with its expected target, hence, the decision of the investors to restructure and reorganise the management team and the entire structures of the production lines for better profitability and sustainability.
A statement by JSM investors through the Managing Director of VKS Group of Companies, Mr. Onur Kumral, dismissed the reports that JSM was ending its operations in the country completely.
Kumral noted that the reorganisation of JSM is a decision of the investors, following the inability of the management to meet up with its expected targets for several years, stressing that the shake-up only affects management staff and the entire structures of the production line, which is geared towards better productivity of the company.
We call on the general public and our esteemed customers to disregard insinuations in certain media outlets reporting a total shut down of JSM operations in Nigeria, we remain in business, and we will come back stronger than before.”
He assured that the company will return to full operations soon.
