MTN to Sack Hundreds over Prolonged Strike

Africa’s biggest mobile operator MTN, which is grappling with an eight-week strike at its South African operations, plans to cut hundreds of jobs, a local newspaper said on Monday.

Citing unnamed sources close to the company, the Business Report newspaper said MTN would go through with layoffs as the strike had shown the company could do without some of its workforce.

A spokesman for MTN declined to comment on the report, saying the company was in a closed period.

Job cuts are a thorny issue in South Africa, where often violent union militancy has been on the rise and the unemployment rate is over 25 percent.

The chief executive of MTN’s South African unit resigned earlier this month as the strike by 2,000 workers drags on.

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

AFRACA-NIRSAL Masterclass Builds Financial Institutions’ Capacity for Climate, AI-Driven Agricultural Finance

The African Rural and Agricultural Credit Association (AFRACA), in...

Shell Reinforces Safety Commitment at CEO Contractors Forum

Shell leaders and Contractor CEOs at the Annual Shell...

Guinea Insurance Receives New Licence from NAICOM Post-Recapitalisation

L-R: Ademola Abidogun, Managing Director/CEO, Guinea Insurance Plc and...

AXA Mansard Reports N7.8bn H1 Profit, Capital Base Meets Recapitalisation Threshold

AXA Mansard Insurance Plc has sustained its growth momentum...

AXA Mansard Health Int’l Health Plan Covers Cancer, Other Chronic Health Conditions

 Mr. Tope Adeniyi CEO AXA Mansard Health AXA Mansard Health’s International Healthcare...

Topics

Zenith, FCMB, GT Lead Negative Bank PR; Coronation, Leadway in Insurance Sector

Since the beginning of 2022, the Nigerian banking (commercial...

CIIN: 7 Fellows, 245 Associates Inducted, 10 Graduands from Cameroon, Rwanda, The Gambia

Mrs. Joyce Odiachi, Head, Technical Division, Fin Insurance Limited...

New NCDMB ES, Omatsola Ogbe, Assumes Office, Charges Staff on High Performance

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB),...

NCDMB Advocates Corporate Governance for Indigenous Oil Firms

Indigenous oil and gas companies must instill principles of corporate governance...

NDIC Seeks Stakeholders’ Input to IADI Core Principles for Effective Deposit Insurance

The Nigeria Deposit Insurance Corporation (NDIC) has called for...

Guinea Insurance Appoints Oshadiya as CEO

Guinea Insurance has announced the appointment of a Managing...

NLNG Concludes 2026 VIBES Pitch-a-Thon, Disburses ₦250m in Business Grants

Presentation of a ₦250 million cheque to 51 beneficiaries...
spot_img

Related Articles

Popular Categories

spot_imgspot_img