Fenaka Corporation's managing director Mohamed Afeef Hussain (L) and STELCO's managing director Dr. Ali Azwar (R) shake hands during the transfer of M. Atoll utility services on June 21, 2026. (Photo/STELCO)
The workers from Fenaka Corporation who are being laid off during the transfer of management of utility services in M. Atoll over to the State Electric Company (STELCO) received redundancy packages, states Fenaka Corporation’s managing director Mohamed Afeef Hussain.
Several workers from Veyvah and Naalaafushi have expressed concern over being laid off during the transfer process.
When asked about this, Afeef told Sun on Thursday that its workers in M. Atoll, other than those reappointed by STELCO, were laid off.
He said that the workers who were laid off received redundancy packages as required by law.
“Following the transfer of all utility services in Mulaku Atoll to the management of STELCO, all Fenaka workers in the islands, except for those rehired by STELCO, were laid off with the redundancy packages they were due,” said Afeef.
Afeef added that Fenaka had provided STELCO with a full list of its employees.
“We sent it without any omission,” he said.
Afeef said that he has been informed STELCO made its selection based on qualification and how well the workers did in their interview.
“And as far as I know, they also based their decisions on their policies on hiring family or relatives to jobs,” he added.
The decision to transfer utility services in select atolls from Fenaka to STELCO was announced back in April. STELCO completed the takeover of utility services in M. Atoll earlier this week, following similar takeovers in B. Atoll and Lh. Atoll.