udilson:
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

Don't worry, if you are amoung the affected ones something bigger than MTN is here. PIUNI-the future is here.

Wiseandtrue:
Insult Jonathan all you can and all you want!

This regime is not fit to be compared to his

- Nigerian Masses

I swr,i regret ever supporting d old dead brain...

NubiLove:


You are the one that is wrong... it is NOT 145 million. Nigeria is estimated to be around 180 million, you don't count retirees and children below the age of 18 years as unemployed.

180million ryte!
145million unemployed
Oboi do plus n minus you will see am correct! Don't v time to argue!

money121:
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Alore:


That's not true. A lot, and most of the staff are very actively engaged.

I said some. I know of the 3 people whom I know that was affected, two had technically been redundant. I talk from personal experience.

Howdo you know this?

missloluwa:
They were not sacked neither were they compelled to leave. MTN allowed those who wanted to leave to do so, however some people may have felt like it was safer to leave now than find out later that they may need to be made redundant.

missloluwa:
They were not sacked neither were they compelled to leave. MTN allowed those who wanted to leave to do so, however some people may have felt like it was safer to leave now than find out later that they may need to be made redundant.

Some opted to leave voluntarily. Many were actually compelled to voluntary resign. They did not want the scheme and did not expect the letter that ended their journey in MTN.

missloluwa:
They were not sacked neither were they compelled to leave. MTN allowed those who wanted to leave to do so, however some people may have felt like it was safer to leave now than find out later that they may need to be made redundant.

Hi Miss

I know many people will wish they were not born