Wednesday, January 15, 2025
23.4 C
Lagos

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

Hot this week

The Promise of Digitalisation and Insurance Penetration in Africa

One of the major challenges of insurance business in...

Leadway Advocates for Public Safety as Nigerians Embrace the New Year

As Nigerians usher in the New Year with celebrations...

BudgIT Alleges Irregularities in 2025 FG Proposed Budget

BudgIT, a leading civic-tech organisation promoting transparency, accountability, and...

Fidelity Bank Supports Improved Maternal Health in Lagos

Leading Financial Institution, Fidelity Bank Plc, has donated maternity...

Topics

Interswitch Recognised as Leading Company in Diversity, Equity, Inclusion

L-R; Chinenye Tony-Chidolue, Organizational Development Manager, Interswitch and Michael...

Continental Re Group ED, Emeka Akwiwu, Others at IFRS 17 Roundtable in Lagos

L-R: Oracle MEA Official; Mr. Emeka Akwiwu, Group Executive...

Mobile Advertising Drives $53bn Revenue Boom

A new study released by IHS and Facebook's Audience...

SEMINAR REPORT

5 Tips for Successful Digital Transformation New digital technologies are...

The Nigerian Telecom Sector Can Breathe Again

By Elvis Eromosele A week is a week. This is...

Optimism Reigns in 2015 Insurance Industry Outlook

Despite falling oil prices and post-election uncertainties,the Nigerian insurance sector is looking into the future with broad optimism and confidence. Mr. Fola Daniel, Commissioner for Insurance, National Insurance Commission (NAICOM) says the industry is undergoing rapid transformation, thus requiring the strategic support of operators and other relevant stakeholders to enable the industry occupy its rightful position in the forefront of the financial services sector in Nigeria.

NAICOM: Recapitalisation Progress Report Begins Aug 30

Mr. O. S. Thomas Commissioner for Insurance National Insurance Commission The National...

Atiku Promises Govt of National Unity, Restructuring in 2023

Alhaji Atiku Abubakar, former Vice-President and Presidential Candidate of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img