KCM Cites reasons for late payment of wages for employees

Konkola Copper Mines, a unit of Vedanta Resources Plc, has cited challenges faced by some commercial banks in Zambia as reason for delays in paying its workers monthly wages, local media reported.

The delays are caused  through some banks’ internal arrangements including the inward and outward clearing of cheques are some of the reasons, citing a statement from the company’s acting vice President for human capital management, Prudence Chisakuta.

This follows concerns by some KCM employees that claim not to have until now received their January salaries, causing anxiety among the affected workers.

Chikuta  attributes  the  delay to a new system implemented by the Zambia Electronic Clearing House, which affected the uploading of files resulting in challenges when it came to clearing cheques and  other exchange of files relating to payments across various banks.

“Our finance department concluded working on the payroll on Friday, 25th January 2014, and sent all relevant documentation to the banks to facilitate payments of salaries, but the above stated challenges have resulted in unfortunate delays some employees’ salaries. Management is working closely with the affected banks to resolve the matter as soon as possible,”  Chisakuta  is  quoted as saying.

Meanwhile, Vedanta Resources Plc,  the largest shareholder in KCM believes that the company’s poor performance and bad corporate image has been  brought up by some ill- qualified ‘ expatriates’, local media reports citing unnamed sources in the company.

The position of chief commercial officer has been given to Francis Sichuma, replacing Sunrendra Purohit who has since returned to India.  More changes are envisaged to take place at top management level to include skilled Zambian professionals, the report adds.

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