7 Mar 2016
London – A Liberian natural rubber plantation in eastern Liberia is suspending its production and laying off 300 employees as NR prices trend low, according to local press.
Salala Rubber Corporation (SRC) in Gibi district, Upper Margibi county, announced an “indefinite” suspension of its tapping operations until further notice on 29 Feb, a report by the Liberian Daily Observer said.
The company said the decline in NR prices in both local and international markets was the main reason behind the downsizing and halving its workforce.
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