Fenaka suspends paid and unpaid leave as company accelerates rightsizing efforts

Fenaka Corporation has suspended both paid leave and no‑pay leave for its employees as part of an ongoing rightsizing process.

A circular sent to all branches and departments on Thursday stated that the company is currently undergoing restructuring, and therefore all forms of leave, paid and unpaid, have been temporarily halted effective immediately.

Fenaka has been implementing major internal changes since Mohamed Afeef assumed the role of Managing Director in April. Most recently, the company opened a voluntary resignation scheme offering employees four months’ salary as a payout.

In a separate internal memo issued Thursday, the company instructed all departments and branches to obtain police reports for every employee and submit them to the head office before the end of official hours the same day.

Afeef has previously said that past audits and reviews by various agencies revealed numerous issues that require correction. He has also stated that the company’s structure needs reform, noting that Fenaka currently employs around 8,000 staff.

“When such a large workforce is in place, there will naturally be employees who perform appropriately and others who do not,” Afeef has said, emphasising the need for structural changes.