The big Ghanaian companies at the front of job losses

The big Ghanaian companies at the front of job losses

Many Ghanaians will agree that there is a trend of massive job losses in the country. This has affected almost every sector of the economy.

The third quarter of 2018 has seen massive layoffs especially in the private sector. YEN.com.gh gathered that major firms, including media establishments, have either slashing down salaries of workers or laying them off completely.

This has lend to fears and instability among Ghanaians. But government has moved to assure the public that what can be done to help the situation will be done.

Here are some of the big-name companies that have had to lay off workers

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TV Africa

All programs on TV Africa were suspended effective Monday, September 3rd. The owner of the business has told senior management members that he is unable to pay workers going forward.

Later, over 50 workers were laid off due to this financial crisis.

Various banks

Over five local banks have either collapsed or been forcefully merged. This comes as a result of a banking crisis that has hit the country for close to two years.

Close to 3000 people are thought to have lost their jobs in this wave of unfortunate events.

Sacked employees

The results of the forced merger of five local banks fave us the Consolidate Bank.
Source: Depositphotos

Vodafone

The Herald newspaper has claimed that management of Vodafone is issuing out dismissal letters to workers as it allegedly prepares to sell the telecom to yet another firm.

The Herald Newspaper claimed that the layoff, became necessary because they wanted the company’s balance sheets to look good to the potential buyers.

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Groupe Nduom Media

YEN.com.gh also learned that Dr. Papa Kwesi Nduom’s GN Media, a subsidiary of his Groupe Nduom, has laid off about 30 workers.

A letter signed by the head of recruitment and selection at the GN media subsidiary thanked workers for their contribution to the company and also further offered them their one month salary in advance.

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Source: Yen.com.gh

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