Daily Archives: September 14, 2015

La Casera shuts down firm, lays off 700 workers

Hundreds of workers of the La Casera Soft drinks company staged a protest on Monday in front of the company’s premises in Amuwo Odofin section of Mile-2, Lagos as company officials said they have sacked all employees for what they described as an invasion of its premises by “hoodlums.”

The workers say the trouble started when they tried to form a union to protect their rights. The Senior Assistant General Secretary of the National Union of Food, Beverage, and Tobacco Employees, Mike Olanrenwaju, said that they made overtures to engage the company but were rebuffed.

Champion Breweries net profit rises 102.35% in half year (H1) 2015 results

Champion Breweries Plc, the Akwa Ibom based brewer that is majorly owned by Raysun Nigeria Limited, a holding company controlled by Heineken N.V, the parent company of Nigerian Breweries Plc reported a profit before tax of N20.829 million and profit after tax (PAT) of N14.579 million in its half year results for period ended June 30, 2015. In the same period in 2014, the company recorded a loss of N884.712 million.

Champion’s revenue for (H1 2015) rose 14 percent to N1.596 billion, from N1.4 billion from the same period in 2014.