Out of the 800 staff employed, 450 have been let go following a redundancy exercise carried out by management.
Earlier it was reported that only 100 staff out of a total of 450 staff were let go.
However, Vitis Industries clarified that the correct figure was in fact that out of a total of 800 staff, 350 were retained while 450 were let go.
Vitis Industries says the redundancy exercise is crucial for the company at this point in time, due to several underlying factors, which include:
