MTN South Africa to lay off 850 managers

0
939

mtnTelecommunications firm MTN plans to lay off about 850 managerial staff, a move attributed to slow growth as well as tough competition in the market.

According to Reuters, despite the company’s growth over the last twenty years, it has been facing competition from Vodacom which dominates the market.

MTN’s South Africa’s revenue fell by 7 per cent to 19.2 billion rand ($1.8 billion) in the first half of this year while its margins also went down.

“We have just received a massive retrenchment notice at MTN Group -0.05%,” said Marius Croucamp, a spokesman at the Solidarity Union, which largely represents skilled workers.

A spokeswoman from MTN is to issue a statement on the matter shortly.

Advertise on TechMoran.com — reach founders, innovators, and decision-makers

Promote your product, event, press release, or launch a report to a highly engaged tech and business audience. You can also take over our homepage for premium visibility and sponsor our monthly #TechNight events and podcasts and annual StartupEast Conference & Awards to maximize brand exposure.

Beyond reach and visibility, we have over ten years of experience in SEO-driven digital publishing and we are the best in the SEO market at helping brands grow organic visibility through high-quality editorial backlinks and strategic content placement. We are here to help you improve your search rankings and long-term discoverability. We also help improve AI discoverability, ensuring your brand is more visible across emerging AI-powered search and recommendation systems.

Your campaign will also be extended across TechMoran, BusinessTech.co.ke, and AfricanWomenNetwork.net, including their newsletters, giving you wider reach and engagement across East Africa’s leading digital audiences. Be part of the region’s biggest tech and business platforms monthly, quarterly, and annually.

Contact Sales