265 full-time jobs for skilled and unskilled workers
The investment project will create jobs for both skilled and unskilled workers. 265 people are to be hired in the first year after completion of the three-year investment phase, around 160 of whom will be women. After one year, the new factory should be running at full capacity. All employees will be given full-time positions and earn more than the Tunisian minimum wage. They will have access to the statutory social benefits. Of the workers already employed by SOPROTIC, 238 will benefit from improved working conditions, in particular higher wages.
SOPROTIC plans to invest a total of 4.18 million euros. The Facility Investing for Employment grants a subsidy of 1.01 million euros (25 per cent). The Facility's funds will primarily be used to finance the purchase of modern shoe manufacturing machinery. In addition, it will be used to purchase some of the equipment for the new factory, such as an air conditioning system, compressors, and a warehouse.
The Facility Investing for Employment (IFE) of KfW Development Bank is part of the Special Initiative "Decent Work for a Just Transition" of the German Federal Ministry for Economic Cooperation and Development (BMZ). With its support, the Facility wants to remove barriers that prevent the creation of new and better jobs in the private sector in the African partner countries.