- Pays workers full exit benefits
Kwara State Government says it has temporarily shut Harmony Transport Services Ltd (HTSL), otherwise called Kwara Express.
It said this is to officially begin a wholesome repositioning of the legacy firm for improved productivity, efficiency and economic development.
The restructuring involves full payment of exit benefits to workers in the distressed company, according to a statement by the Corporate Affairs Unit of Harmony Holdings Ltd, the body that manages all government businesses.
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The government statement said: “The overhaul will modernise the company’s fleet and infrastructure, leveraging cutting-edge technology to enhance operational efficiency and customer service delivery.
“The decision to pay off the workers is painful. It is essential for establishing a sustainable operational framework for HTSL, which has faced challenges in maintaining consistent growth and has experienced multiple closures within the past years.’’