MTN completes Visafone acquisition Takeover, sacks over 2,000 workers

MTN completes Visafone acquisition Takeover, sacks over 2,000 workers – Following the report that, MTN Nigeria has completed its acquisition of Visafone telecoms company, with 83% of its workforce having reportedly been laid off.

MTN completes Visafone acquisition Takeover, sacks over 2,000 workers

According to a dailies (Punch), over 2,000 Visafone workers had their contracts terminated on Tuesday, and were given 3 months worth of their salaries as severance pay.MTN completes Visafone acquisition Takeover, sacks over 2,000 workers

“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?,” one of the sacked workers told the newspaper.

“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 worker added.

However, the deal was reportedly supposed to have been completed in 2015, but was slowed down by the N1.04 trillion National Communications Commission fine slammed on MTN.

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