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    DDEP: Government hopeful bondholders will register for programme

    5 important things to know about the African Continental Free Trade Area agreement

    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Pensioners to picket at Finance Ministry over DDE

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    Nigeria ranks number one globally for cryptocurrency usage and ownership

    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

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Tigo justifies dismissal of its workers

bycitibusinessnews
June 10, 2014
in Business, TECHNOLOGY
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Telecom operator Tigo has justified its recent redundancy exercise which saw scores of its workers sent home.

Citi Business News has gathered the dismissals which commenced a few weeks back affected the sales and finance departments of the company the most.

It’s unclear exactly how many workers have been sacked but a letter from management of the company to staff cited by Citi Business News said the move was aimed at ensuring prosperity, strength and sustainability of the business.

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Tigo is the third largest telecom operator in the country with over four million subscribers.

It has stayed at the number three position for years, but this position is currently being threatened by Airtel which is the fourth largest telecom operator in the country with over 3.5 million voice subscribers.

Sources familiar with the matter told Citi business news the dismissals commenced following the poaching of some critical staff members of Tigo by Airtel early this year.

However the telecom operator in response to Citi business news’s enquiry on the matter said the move is to ensure its ability to compete in ‘this highly competitive market and build a sustainable business’

According to Tigo it has become necessary for it to review its operation based on a thorough evaluation of the company’s structure and strategic objectives.

It adds that the changes, together with other initiatives, will make Tigo more responsive to the needs of its customers.

It concludes by re-affirming its commitment to maintaining a responsible business by fulfilling its obligations to government, growing local talent, and investing in the communities in which it operate.

By:  Vivian Kai Mensah/citifmonline.com/Ghana

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