Jubilee Syringe Manufacturing Ltd (JSM) says it is restructuring, and not shutting down its operations in Nigeria.
The Managing Director of VKS Group of Companies, Onur Kumral, said in a statement on Wednesday night to clarify a previous one which claimed that the company, in Onna, Akwa Ibom State, was shutting down its operations because of Nigeria’s harsh economic environment.
Mr Kurmal said the “restructuring phase will only make the company experience a brief break within this period.”