MTN on Friday sacked 280 of its staffs in Nigeria. 200 permanent employees and about 80 contract staff ranging from fresh graduate to senior managers.
According to reports, the sack affected about 15% of the company’s entire Nigerian workforce.
Some of those sacked have reportedly spent up to 15 years with the company since 2001.
According to Premium Times, an undisclosed source revealed to the newspaper that the affected workers were given a dismal 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 (As seen on Premium Times).
“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.”
The sack was due to the changing dynamics of the telecoms industry in recent times.