Chronicle EditorZIMBABWE Cricket deeply regrets that confidential internal correspondence has been deliberately leaked to the media. This appears to be creating misinformation and is apparently misleading the media and the public. Under these regretful circumstances, ZC would like to clarify the following:
1. On 25 October 2017, ZC sent out a confidential internal memorandum to all its employees advising them that due to a situation beyond its control, the staff would be receiving part of their October salaries by the end of this month, with the rest being paid later.
2. The decision to withhold part of the staff salaries was in order for ZC to balance its strained cash flows, and this course of action was advised to staff after ZC had exhausted all other possible alternatives.
3. The situation is no different to any other company that is experiencing severe cash flow difficulties, and ZC’s own legacy financial issues have been well publicised and are in the process of being addressed.
4. ZC is grateful that its stakeholders appreciate that ZC’s legacy financial issues will take time to resolve, but are being addressed in a positive and meaningful manner.
5. In the meanwhile, ZC would like to thank its loyal, dedicated and committed staff and all those affected for their patience, understanding and support as we deal with these ongoing challenge.
6. ZC values all its staff, is mindful of the potential difficulties that this decision will cause, and is addressing these circumstances as a matter of top priority. — zimcricket.
Online Reporter