MTN Nigeria sacks 280 workers

Charity Nnaji:

MTN Nigeria on Friday sacked 280 employees, which the company said is a major job cut that affected about 15% of the company’s entire workforce in Nigeria.

According to information sourced from Premium Times , 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.

 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 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 also 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.