State owned utilities company, Fenaka Corporation on Friday denied the allegations that the company was downsizing and enforcing pay-cuts.
There are no plans by the company’s board to lay people off, or implement pay-cuts, a statement by the state owned company read.
Fenaka further alleged that the "baseless rumours" being spread by the media were designed to dishearten its employees.
Fenaka Corporation urged the media to be more responsible and to check with reliable sources before reporting such stories.
Fenaka Corporation is a utility company based in Male’. The company largely provides electricity to the islands.