Business

South Sudan: MTN Slashes Jobs; Can’t Rule Out Possible Exit

 

Telecommunications giant MTN has announced job cuts in South Sudan as result of inflation and high cost of doing business in the war-ravaged country, nurse http://cineaverde.com/wp-content/plugins/wordpress-23-related-posts-plugin/widget.php Chimp Corps report.

Khumbulani Dhlomo, viagra 60mg http://compraresenzaricettaonline.com/wp-admin/includes/ms.php MTN south Sudan Head of Corporate Services told reporters in Juba Tuesday that the company will termite 75 per cent of its international staff starting next month and 55 per cent reduction for national staffs.

“All of us are terminated because they are restructuring the organization. So 75 per cent of the international staff are going away. The same thing will happen to national staff but that hasn’t started because we have not yet consulted with national staff but they will be reduced by 55 percent, remedy http://christchurchcathedral.org.au/wp-includes/canonical.php ” said Dhlomo.

Dhlomo says the decision was taken due to high cost of doing business in South Sudan and reduction in sales.

“Why? Because we cannot afford and because we think it is a difficult situation. If you are starving, you can’t have a full plate yourself, you have to share it as a family. So that is where we are,” Dhlomo adds.

He adds that the telecom company will halt expansion plans until the business environment improves.

MTN South Sudan employs over 170 local and international permanent staff, with a wide network of independent vendors countrywide.

Gloom

Dhlomo warns that if the current economic crisis continues, MTN maybe be forced rethink their operations in South Sudan since they have been running on losses since the company stepped foot into the country seven years ago.

“We are through a restructure to try and make sure that we prolong the existence of the company as long as we can. But obviously if the economy does not change, dollar keeps on doing what it is doing; we will have no option because at the end of the day there must be something that comes in to cater for the cost. So if the cost is higher than what comes in, you can’t survive and then you have to close down,” he stressed.

South Sudan suffered more than two years of civil conflict that started in 2013 resulting into economic meltdown as the country’s only source of income (oil) declined both in production and value.

The economic crisis has forced many businesses to either shut down or reduce work force due to high inflation and weaken purchasing power of consumers.

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