2024-01-03 11:08:18
Despite the drop in activity over the past year
The management of the Koutoubia Group remains confident for 2024. “Since the start of 2023, “The Koutoubia Group” has been going through a delicate situation following the double shock of the Covid 19 pandemic and the repercussions of the war in Ukraine, two events which resulted in a drop in activity and an increase in the cost of a certain number of inputs affecting the group’s financial ratios,” the company said in a press release adding that this situation, as well as other factors, have led to disruptions in supplies and production, as well as in the group’s cash flow, leading to delays in the execution of certain payments, including salaries.
In this sense, the company’s management has undertaken actions to clean up the situation of all the subsidiaries by planning the resumption of the activity of all the sites in stages towards its normal pace by securing the flow of data. inputs thanks to an injection of funds, by regularizing salary payments by processing arrears and by re-implementing medical and social coverage following agreements negotiated with insurance companies and social organizations.
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