Editorial Team

Emmanuel Udom-Managing Editor, Stephen Dijo Philemon-Deputy Editor, Janet Udom-Senior Correspondent, Precious Udom-Senior Correspondent, Williams Ita-Bureau Chief(Akwa Ibom/Cross River), Fabian Idoko-Senior Correspondent

    Manufacturer's Representative Import Export General Merchandise Contract Adress: Araromi Quarters, Owode Area, Ifo, Ogun state, Nigeria P.O.Box 2632, Oshiodi, Lagos Telephone: 2348166719412

    Thursday, 7 January 2016

    Acquisition fallout: MTN sacks 2000 Visafone employees

    By Emmanuel Udom
    In a move aim at downsizing operations, South African telecommunication giant, MTN yesterday sacked about 2000 employees of Visafone.
    The company, coming out from the burden of paying $5.2 billion as fine to Nigerian Nigerian Communications Commission, took the decision as the first step towards acquiring Visafone.   
    Some aggrieved workers at Visafone offices in Ikeja, Maryland and Ogba areas of Lagos said that they were paid three months salaries, January 5 and asked to go home.
    Media reports have it that only employees left were those in the personnel and transmission departments. A sacked worker who talked to newsmen lamented thus;
    “We learnt that the management would downsize, but we were told that that would be later in 2016. It is, however, surprising that they are sending majority of us away so early in the year. Though they paid three months’ severance benefits, but should it be this way?”
    “Some of us have put in five to 10 years of our lives in keeping the business going, but see what we are getting now. It is well.”
    According to the reports, the economic challenges facing Nigeria, added with the humongous $5.2 Billion fine imposed by the NCC and FGN had frustrated plans by the MTN to absorb at least 50 per cent of the sacked Visafone workers.

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