MTN considering acquisition of MultiChoice Africa

Reports have it that MTN has fired some of their work base, it also suggest that not less than 280 staff of the telecoms giant, MTN, were relieved of their duties on Friday evening.

mtn sack

The massive retrenchment affected about 15% of the company’s total Nigerian workforce; with a number of them been long-serving staff members who have worked and labored together with the company since it opened it’s business in Nigeria in 2001.
Those affected staff include a huge number of 200 permanent and 80 contract staff across various levels, cut across the company which also comprises from new graduates to senior managers.

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An close source suggests that the sack was as a result of  “the changing dynamics of the telecoms industry in recent times”.

The telecoms giant has concluded plans to delve into full Information and Communication Technology (ICT) and digital operations and to achieve that result, a new set of tech savvy employees capable of delivering on the new goals will be brought on board.

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According to a reliable source, the recent retrenchment did not come as a surprise to many as the telecoms company MTN had earlier put out a notice in March requesting for those that would wish to voluntarily disengage from the company, under its voluntary severance scheme (VSS) giving a one week window which expired on April 28.

From this notice, almost 200 staff voluntarily disengaged while the 80 contract staff were compulsorily disengaged on Friday. Those affected were compensated with a severance pay of 75% of their gross monthly income, multiplied by the total number of years they had labored with the company.

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“Those who decided to leave under the VSS were paid the equivalent of their three weeks gross salary for every year they worked with MTN. What it means is that if one worked in MTN for five years, one would be paid three weeks of the person’s gross salary times five,” the source said.


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