Fenaka Corporation, which supplies electricity across the atolls, is being dissolved and merged into State Electric Company (STELCO), and permanent staff can apply to resign voluntarily.
Employees who resign under the scheme receive three months' salary. Applications had to be emailed to the HR department before 3 pm the following day.
Transfer schedule
Haa Alif and Gnaviyani atolls: 5 October
Gaafu Dhaalu and Haa Dhaalu: 11 October
Shaviyani: 17 October
Laamu: 18 October
Noonu and Thaa: 24 October
Raa and Dhaalu: 29 October
Faafu: 4 November
The merger is part of a wider overhaul of state-owned enterprises, which includes merging the Road Development Corporation with MTCC and making AgroNat a subsidiary of MIFCO. The government plans to cut the state enterprise workforce by 33 percent to reduce spending. The opposition Maldivian Democratic Party says most of those recently dismissed were its affiliates.
