Jubilee Syringe Manufacturing (JSM) company, located in Awa, Onna LGA of Akwa Ibom, has officially ceased its operations, citing “unforeseen circumstances affecting our business operations” as the reason for the decision.
Recognized as the largest syringe manufacturing venture in Africa, the company was inaugurated in 2017 by former Vice President Yemi Osinbajo.
Despite halting production several months ago, the company formally announced the conclusion of its operations on December 31, 2023, explaining that it had taken temporary measures to ensure the long-term sustainability of the business.
A memo addressed to all employees, shared with journalists, indicated that as of January 1, 2024, all positions, including yours, have been temporarily placed on redundancy.
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The statement titled ‘Temporary Redundancy – Service Not Needed Till Further Notice’ said, “We trust this message finds you in good health. It is with a heavy heart that we write to you today to communicate a challenging decision that Jubilee Syringe Manufacturing Company Limited has had to make due to unforeseen circumstances affecting our business operations.
“After careful consideration and a thorough evaluation of our current business situation, we regret to inform you that we must implement temporary measures to ensure the long-term sustainability of the company.”
It added, “Unfortunately, this includes placing all positions, including yours, on temporary redundancy effective January 1, 2024. We want to emphasise that this decision is not a reflection of your individual performance or dedication to the company.
“The challenging business environment we find ourselves in has compelled us to take these difficult steps.
“Please return all company belongings in your custody. Thank you for your understanding and cooperation during these challenging times.”