“The actions being taken are intended to allow Firestone Liberia to remain a core investor in the country. “Firestone Liberia entered into this process in good faith and is disappointed in recent statements by some government officials alleging the company is not in compliance with the laws of Liberia and obligations under its Concession Agreement. Firestone Liberia fully respects this process, and we have hoped that all parties would do the same. The workforce reduction comes as Margibi, where Firestone Liberia is headquartered is bracing for what is poised to be a hotly-contested midterm Senatorial elections with enormous implications for the county. The ruling, Coalition for Democratic Change’s government, is hoping to slow down Firestone’s workforce reduction.

Source: Front Page Africa July 29, 2020 08:15 UTC