Saturday, February 22, 2025
31.3 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

LASAA Addresses Community Concerns over Billboard Safety at Abati Barrack

The Lagos State Signage and Advertisement Agency (LASAA) is...

AIICO Celebrates Outstanding Agency Field Force at 2025 Annual Awards Night

Left - Right: Mr. Adewale Kadri (Executive Director, Technical),...

Is the CBN Pushing Nigerians Back into the Banking Halls? 

By Elvis Eromosele  Public institutions in Nigeria have a knack...

Fidelity Bank Enhances Educational Facilities in Benin, Abuja

Fidelity Bank Plc, a leading financial institution, has once...

NCDMB Chief Visits Samsung, Africoat, Insists on Patronage of Local Facilities

The Executive Secretary, Nigerian Content Development and Monitoring Board...

Topics

Leadway Holdings Champions Festive Safety with the ‘December On-Lock Campaign’

Leadway Holdings, one of Nigeria's leading non-banking financial services...

Deliver Energy Before The ‘Just Transition’

  By Lamé Verre Fellow of the Energy Institute | Member...

Nigeria: Freedom Mirrored by Media Evolution

Stanislaus Martins Aleph Group’s Managing Director for West Africa From the...

IMF: Nigeria’s Economy Rebounds, Per Capita Income Remains Flat

The International Monetary Fund (IMF) has affirmed slight growth...

Nutritionist Seeks Dietary Diversification to Tackle Malnutrition in Nigeria

Dr. Beatrice Chinyem Oganah-Ikujenyo of the Department of Home...

African Securities Exchanges Association Confab Reflects Strength of Continent’s Capital Markets

The African Securities Exchanges Association (ASEA), a premier association of 25 securities exchanges from across the continent—will hold its annual conference in Johannesburg from 15 – 17 November. ASEA President Oscar Onyema said that the theme of the conference—Africa Evermore: Growth for sustainability—embodied the potential, growth, and stability of Africa’s capital markets. The Johannesburg Stock Exchange (JSE), the continent’s largest and member of the World Federation of Exchanges (WFE), will host the conference.

Nigeria Records $22bn Remittance in 2017, Highest in Africa

Meet the largest gathering of money transfer providers on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img