Vitis Industries Limited

Vitis lets off 100 staff

In a statement, the company said it recently carried out the redundancy exercise at its Nine-Mile Complex outside Port Moresby.

Following the exercise, the company retained 350 employees out of the initial 450.

Vitis Industries says the redundancy exercise is crucial for the company at this point in time due to several underlying factors, which include:

Vitis to produce instant coffee

The idea is to cut out the middle man by controlling the quality processing and production of coffee products for selling at an affordable price, as well as for exporting.

Vitis Industries Limited, Managing Director, Sergei Mossin, says currently there is an oversupply of coffee on the market following the entry of non-traditional coffee growing countries.

He says this oversupply will continue for a number of years and it is not a viable option to sell coffee beans to a middle man to produce coffee products.