MIFCO dismisses 3 General Managers

The Maldives Industrial Fisheries Company (MIFCO) has announced the dismissal of three General Managers following a management performance review.

According to MIFCO, this decision was made after reviewing management performance under the efficiency exercise initiated to further strengthen the company's operations as part of President Dr. Mohamed Muizzu's reform agenda.

"Important temporary and permanent changes that need to be brought about by reviewing management performance are currently underway. The objective of this agenda is to ensure accountability and strengthen operations," MIFCO stated.

To implement the government's agenda for SOE reform, MIFCO began an efficiency exercise in August last year. In this exercise, which includes MIFCO's management and operational staff, group work was carried out to further strengthen the work of various departments of the company and to find new ways to provide high-quality services with less waste. This includes things that can be done to improve the company's "image", new ways to organize technical and engineering work, and identifying recurrent costs. In addition, ways in which the company incurs losses in salaries, fuel, and other operational costs were examined, and discussions were held on how to bring permanent solutions to these issues. In particular, the current state of the company's procurement function, how the bulk procurement system operates, and the advantages and disadvantages of the system are being discussed and measures are being taken.

The dismissal of the 3 managers today is part of the decisions of this exercise. MIFCO has not yet disclosed the names of the managers dismissed today.