Airtel Nigeria has embarked on a retrenchment exercise which it has tagged as a “strategic shake-up”. The Telecommunications Company says would re-position its business and “reinforce its competitiveness in the market place”.
The mobile network operator refused to disclose how many of its staff was affected by its “strategic shake-up”. Adequate compensatory packages were also handed to the affected staff by the “strategic shake-up”.
The affected staff received three months salaries in lieu of notice and an additional one month for every year they have worked. Emeka Oparah, The director of the company’s corporate communications and CSR, said the exercise was focused on “aligning the company’s structure with its operating model”.
“We wish to assure that, in accordance with best practice, a robust plan has been put in place to cushion the effect of the exercise on the impacted employees and ensure that the process is seamless,”
“One of the key objectives is to create a high performing organization, which satisfies the needs of all of our stakeholders, especially our customers, as we step into the next growth phase of our operation.”
Airtel Nigeria holds second place with a 20% market share having 25 million customer base as of March 2014.
