MTN Africa's cellular giant has laid off 280
employees in its Nigerian unit, according to reports.
The company sacked 280 or about 15 percent of its
Nigerian workforce, on Friday
Citing a source, the report said that the axing was necessary
because of the changing dynamics of the telecommunications industry in recent
time.
It said that the service provider introduced had the Voluntary
Severance Scheme (VSS), urging staff to apply for voluntary disengagement.
According to the source, only 200 workers applied for the VSS,
while 80 were given compulsory disengagement.
The source also said that those affected were those who had worked
for five years and above in the company.
It added that the affected workers were given a severance pay of
75 percent of their gross monthly income, multiplied by the number of years
they had worked with the company
MTN has grappled with a political hot potato in
Nigeria where it was slapped with a hefty regulatory fine for failing to
deactivate unregistered SIM cards. The group which is in the process of
restructuring its portfolio appointed a new CEO, Rob Shuter, who will take over
by July.
Source by Vanguard Online Business Report
