About 1,500 employees of a Lagos-based
tomato paste manufacturer, Erisco Foods Limited, are set to lose their
jobs as the firm has shut down its $150m plant in Lagos.
The Chief Executive Officer of Erisco
Foods Limited, Chief Eric Umeofia, disclosed this on Wednesday in Lagos,
attributing this to scarcity of foreign exchange.
Following the decision to close down the
business, some of the employees of the firm protested the action on
Wednesday. They carried placards with various inscriptions calling on
the Federal Government to save their jobs.
