Emerging reports have it that a massive sack is imminent in the telecommunication sector in Nigeria following cash-crunch issues.
Telecom Companies to Sack Workers in Cost-cutting Move
Indications emerged at the weekend that telecommunication operators in the country are considering cutting cost and sacking some of their workers, citing the effects of Nigeria’s first economic recession since 1991.
According to those who know about this but are not authorised to speak to the media, the telcos are lamenting harsh operating environment and regulatory headwinds.
On April 28, 2017, MTN sacked 200 workers and 80 of its contract workers.
The development stirred uneasiness among other workers of the company and those of other telecom operators. Analysts are of the belief that the challenges confronting telcos have taken toll on them, especially in their revenue. They also see a situation where the operators may look for dishonest ways to keep afloat except Nigerian Communications Commission, NCC and other relevant agencies closely monitor them.
When the telcos were reached for comment some of them said they will get back to us but did not, while one said he can’t speak on that.