No Result
View All Result
Wednesday, March 29, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    DBG commits to resolve bottle necks limiting economic resilience

    Kamala Harris calls for investment to empower women

    Ghana’s IMF progress: Paris Club, China & other creditors agree to form OCC

    Economic crisis: US to seek Paris Club’s support for Ghana

    Bank of Ghana increases Monetary Policy rate to 29.5%

    China assures Ghana of support in servicing debt relief

    US will increase investments in Africa to propel growth – Kamala Harris

    Ghana’s public debt stock still at ¢575.7bn – BoG data

    Govt pays additional coupons on matured bonds

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Bank of Ghana increases Monetary Policy rate to 29.5%

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    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

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

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

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

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

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

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    DBG commits to resolve bottle necks limiting economic resilience

    Kamala Harris calls for investment to empower women

    Ghana’s IMF progress: Paris Club, China & other creditors agree to form OCC

    Economic crisis: US to seek Paris Club’s support for Ghana

    Bank of Ghana increases Monetary Policy rate to 29.5%

    China assures Ghana of support in servicing debt relief

    US will increase investments in Africa to propel growth – Kamala Harris

    Ghana’s public debt stock still at ¢575.7bn – BoG data

    Govt pays additional coupons on matured bonds

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Bank of Ghana increases Monetary Policy rate to 29.5%

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    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

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

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

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

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

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

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Telecom industry layoffs: MTN staff exempted

bycitibusinessnews
June 1, 2016
in News, TECHNOLOGY, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

Telecom Giant MTN has ruled out any move to layoff any of its workers despite an increase in layoff figures in the telecom industry this year -2016.

The industry in the latter part of 2015 and early this year was hit with major layoffs as telecom companies restructured to stay in business.

[contextly_sidebar id=”tzmESMecjGU8Ii0vTLYdGCVhzGAIYCBN”]The industry which employs over 5,000 people directly, and about 1.5 million people indirectly has been struggling for some time. Majority of the operators are unable to break even, let alone make profits.

ADVERTISEMENT

Ghana’s recent power crisis and hikes in utility tariffs is reported to have eaten away a chunk of the revenue of telecom companies while sim box fraud, low penetration of data, cedi depreciation, forex volatilities  among others have hit hard on the operations of telcos.

Layoffs

The industry in the latter part of 2015 and early 2016 was hit with  major layoffs and resignations as telecom companies restructured to stay in business.

Workers of three of the operators in the industry namely Tigo, Airtel and Surfline have so far been the worst hit by the layoffs.

Airtel Ghana for example late last year laid off a number of its workers in what  was described as a restructuring exercise.

Though it still remains unclear, which arms of the company were affected and how many people were  made to go home, Citi Business News checks reveled majority of the workers left by the end of January, 2016.

Aitel Ghana is not the only telecom operator to have made that move, Tigo Ghana in February, 2016 sent scores of its workers home following a major restructuring exercise.

The dismissals affected the company’s commercial, marketing, call centre, PR, HR and procurement wings among others.

Tigo in mid 2014 embarked on similar move.

Another company that has had to let some of its workers go home this year is surfline.

The company’s customer service wing has so far been the most affected by the layoffs.

MTN staff protected

Speaking to Citi Business News at the sidelines of the first HR Interactive forum organized by HR Focus, Human Resource Executive of MTN Ghana, Amma Benneh-Amponsah said MTN has put in place strategies to avoid layoffs.

“I must say when it comes to lay-offs, it depends on where businesses are heading to and what they seek to achieve.

“We are not envisaging anything like that now. What we have tried to do as an organization is stay competitive, stay innovative and find alternatives for employee. As the business evolves you train and develop people, as well as equip them for the future”.

She further advised business leaders to stay focused and generate various measures that will keep companies running even in difficult economic times.

“When economic times are tough, businesses have other options and other ways of managing the personnel base or the human resource base. Some businesses choose to evolve and do different things; some people eventually do not find their feet. But more importantly, its thinking ahead of the times, ensuring that you are always ahead of what the market trends look like. Obviously if the business is looking ahead and planning, you should envisage some of these trends coming through and plan adequately for such.

Businesses adopt different approaches when it comes to people management in difficult times so lay-offs don’t always come out as the final result in difficult economic times”.

Meanwhile, the programme dubbed “HR Interactive” was set up to encourage best HR practice in organizations and to create a networking platform for participants and stakeholders in the world of work.

This year’s theme dubbed “ Technology driven HR” is aimed at helping the human resource sector understand and employ various technologies available, to develop the staff as well as increase productivity in the business realm.

CEO of HR Focus Magazine, Dr. Mrs. Ellen Hagan in her speech added that the platform is geared towards giving organizations and individuals the opportunity to learn and receive insights that will contribute to making their career a success.

–

Jessica Ayorkor Aryee/citibusinessnews.com/Ghana

 

Related Posts

Local Economy

DBG commits to resolve bottle necks limiting economic resilience

byEmmanuel Oppong

The Development Bank Ghana (DBG) has indicated that it is committed to enhancing strategic measures to resolve the bottle necks...

Read more

Kamala Harris calls for investment to empower women

Ghana’s IMF progress: Paris Club, China & other creditors agree to form OCC

Economic crisis: US to seek Paris Club’s support for Ghana

Bank of Ghana increases Monetary Policy rate to 29.5%

China assures Ghana of support in servicing debt relief

US will increase investments in Africa to propel growth – Kamala Harris

Next Post
CITI-BUSINESS-FESTIVAL

Citi Fm to launch Citi Business Festival today  

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.