It's really a shame that every day thousand of jobs are lost in the name of restructuring and entrenching while all we and politician are Showing no concern about by making policy that would stop these nonsense these. We are being killed at their country and yet these iz wat they would compensate us wt



In one fell swoop, South African telecoms firm, MTN, on Friday sacked 280 of its employees in Nigeria, in a major job cut that affected about 15% of the company’s entire Nigerian workforce.
Those affected by the move include some 200 permanent employees and about 80 contract staff across various cadres, ranging from new graduates to senior managers, multiple sources told PREMIUM TIMES.
Many of those sacked spent up to 15 years with the company having joined MTN as it opened its business in Nigeria in 2001.
Our sources said affected workers were given a dismal severance of 75% of their gross monthly income multiplied by the number of years with the company.
“Given that the company is about 16 years old in Nigeria, the severance package brought pain and discontent among the affected staff,” one source said.
“With the payoff structure, senior managers with 15 years of service were left with about N15 million. Most of the staff got less than N5 million.”
MTN Nigeria recorded nearly $1 billion in profit in 2016. However, the telecoms firm was heavily fined by the Nigerian government for failing to disconnect 5.2 million unregistered subscribers.
The spokesperson for the company, Funso Aina, could not be reached for comments on Monday.
But a source familiar with the latest downsizing said 200 of those affected had earlier agreed to leave the company voluntarily.
The source said the sackings were as a result of “the changing dynamics of the telecoms industry in recent times”.
The source said the company introduced the voluntary severance scheme, VSS, to provide a window for one week in April, for persons who have served in MTN for five years and above to take up.
Those who decided to leave under the VSS were to be 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 their gross salaries times five,” the source said.
Eventually, all 280 staff were disengaged under the VSS and paid their benefits, the source said.
Source: http://www.premiumtimesng.com/news/headlines/230092-mtn-nigeria-sacks-280-long-serving-workers-others.html

No matter how good or how close to the manager you are, at the end of the day the interest of the company and owners always comes first.

Another 280 Jobless citizens to join almost 25 million of we unemployed Nigerians. If these people have at least 5 people that also depends on them for feeding and shelter, that would be around 1500 people affected.

How people no go behave bad?

you can start a good business in Nigeria with 5 - 15million. Any smart worker should have built his house while working with MTN for 15years.

fuckerstard:
Another 280 Jobless citizens to join almost 25 million of we unemployed Nigerians. If these people have at least 5 people that also depends on them for feeding and shelter, that would be around 1500 people affected.

How people no go behave bad?

They are well compensated.It is left for them to be judicious with their pay off.So many Nigerians who are working for government have not been paid for 3 years.

They are heavily compensated.Unlike Nigerian government where a civil servant who has worked for 35years will be paid #500k as gratuity. His or her monthly pension may not be paid for months,while governors who steal for 4 or 8 years in political office will be receiving #2m every month as pensions.3 brand new cars every month,free medical for him and his family and free vacation to any country of the world paid by the state

Booked!!!

Build more prisons like you know how to do best FG, cus people will definitely comit more crimes.



Spits on FG's heads

This is terrible.

Jesus.
Thats a lot.

Politicians are busy commenting on Jellof rice, Nigerians are occupied with BBN and now AJ related news, None or maybe microscopic few are asking the right questions. In between all these we don't know who is leading the country, too many uncertainties

Mannylex:
This is terrible.

Terrible

But they can start a good business with what they were paid and become an employer of labour, unless they are lazy and self-centre!

Jesu...ontop dis hard time?

They will now go to employ others that will receive a third of their salary
Cost cutting strategies

Another Successful Roofing Project @ Owo in Ondo State..
Please what are you waiting for.. Call/WhatsApp 080-85-310-359 For your Next Roofing Project

Steptiles Aluminum 0.55mm guage

Roof meters 388m
Cladding 99m
flat Sheet 76m

Total Amount Spent for the materials: 1,204,500

Emptyhen

Insult Jonathan all you can and all you want!

This regime is not fit to be compared to his

- Nigerian Masses

Atiku2019:
you can start a good business in Nigeria with 5 - 15million. Any smart worker should have built his house while working with MTN for 15years.

bros dont expect much,

infact dont use SMART for a nigerian

I thought we are out of recession already according to APC? upon all the recovered money, the economy is still sinking deep. What's the problem in this country? Is it that the barber doesn't know his work, or the clipper isn't sharp? Cos me I don tire

Xenophobia in Nigeria by the xenophobian masters

Make them sef start recharge card printing abi nah only young graduate wey no get work them go dey advise that biz idea...

fuckerstard:
Another 280 Jobless citizens to join almost 25 million of we unemployed Nigerians. If these people have at least 5 people that also depends on them for feeding and shelter, that would be around 1500 people affected.

How people no go behave bad?

Wrong quote

It's 145 million unempLoyed

H

C

No firm wants to train their staff anymore. They looking for ready-made stuff.

By the time Buhari is finished , almost everyone will be jobless in this country

Xenophobia in Nigeria by the xenophobian masters [quote author=wizzyrich post=56120541]Build more prisons like you know how to do best FG, cus people will definitely comit more crimes.



Spits on FG's heads..... lucky dube... prison

.

Na wa... so they want to come and join the unemployed....

now that a 4 litre paint bucket measurement of garri is 1,100 naira, I advice them to invest their payoff in agriculture