MTN Acquires Visafone, Sacks Over 2000 Workers As Huge Fine Frustrates MTN’s Absorption Plan

Posted by: b3rrilyn in News Jan 8, 2016

Visafone has sacked over 83 per cent of its workers as part of its acquisition by the MTN Nigeria. Over 2,000 employees were disengaged with effect from January 5, 2016, and were paid three months’ salaries as severance package.

The only employees left were those in the personnel and transmission departments. A sacked worker who talked to journalists 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.”

The Economic challenges facing Nigeria, adding 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.