Tele-communication giant, MTN Nigeria have sacked 280 staff on Friday.
The move however, affected 15% of the company’s entire Nigerian workforce; almost all of them are a long-serving staff who have worked with the company since it opened business in Nigeria in 2001.
200 permanent employees and about 80 contract staff across various levels were affected ranging from new graduates to senior managers.
According to the reoport, the sack did not come as a surprise as MTN had put out a notice in March for those who might wish to voluntarily disengage from the company, under its voluntary severance scheme (VSS) giving a one week window which expired on April 28.
About 200 staff voluntarily disengaged while 80 were compulsorily disengaged on Friday. Those affected were given a severance pay of 75% of their gross monthly income, multiplied by the number of years they had worked with the company.
“Those who decided to leave under the VSS were paid the equivalent of their three weeks gross salary for every year they worked with MTN. What it means is that if one worked in MTN for five years, one would be paid three weeks of the person’s gross salary times five,” the source said.