L
LequteMan
Guest
MTN Nigeria is planning a mass exodus of its junior staff following a N1tr fine imposed on it by the Nigerian Communications Commission, the Punch reports.
“This is a difficult time for MTN. We are really facing serious issues. Because of this fine, the management has started cutting costs. Employees’ allowances are being reviewed.
“The shocking thing now is that we learnt the management is planning to downsize, especially among the lower cadre staff. The plan is to do it silently. No announcement will be made of the sacking. People will just be paid off.”
A senior MTN management employee said the report was a lie.
“For now, there is no plan to downsize. It may be in the future. MTN has become an institution. We are also currently working on how to get more workers.”
However, another senior management employee of the company confirmed the report.
“The company may be lean in resources should it eventually pay the fine, but it is not lean in staff strength and that is why it wants some more people out. Now, they have started cutting costs and allowances, and are planning to sack the junior workers without adequate payoff package," the official said.
This is coming one week after the first indigenous Chief Executive Officer of MTN Nigeria, Michael Ikpoki, and the Regulatory and Corporate Service Executive, Akinwale Goodluck, exited the company.
Both men left following the imposition of a N1.04tn fine on it by the NCC for not cutting off over five million unregistered Subscriber Identification Module cards.
The fine has now been slashed the fine by 25 per cent to N780bn and MTN has been given December 31 2015 to pay up.
“This is a difficult time for MTN. We are really facing serious issues. Because of this fine, the management has started cutting costs. Employees’ allowances are being reviewed.
“The shocking thing now is that we learnt the management is planning to downsize, especially among the lower cadre staff. The plan is to do it silently. No announcement will be made of the sacking. People will just be paid off.”
A senior MTN management employee said the report was a lie.
“For now, there is no plan to downsize. It may be in the future. MTN has become an institution. We are also currently working on how to get more workers.”
However, another senior management employee of the company confirmed the report.
“The company may be lean in resources should it eventually pay the fine, but it is not lean in staff strength and that is why it wants some more people out. Now, they have started cutting costs and allowances, and are planning to sack the junior workers without adequate payoff package," the official said.
This is coming one week after the first indigenous Chief Executive Officer of MTN Nigeria, Michael Ikpoki, and the Regulatory and Corporate Service Executive, Akinwale Goodluck, exited the company.
Both men left following the imposition of a N1.04tn fine on it by the NCC for not cutting off over five million unregistered Subscriber Identification Module cards.
The fine has now been slashed the fine by 25 per cent to N780bn and MTN has been given December 31 2015 to pay up.
