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
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.
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.
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.
READ ALSO: Menzgold does not operate in London
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.
Top 3 Ghana Richest Women: Who Are They? | Yen.com.gh
Your stories and photos are always welcome. Send us a message via YEN's official Facebook page.