There has been an alleged mass sack of workers at the African Newspapers of Nigeria (ANN) PLC, publishers of the Tribune titles, based in Ibadan, capital of Oyo State, Southwest Nigeria.
At least 160 workers in all the departments were affected in the mass purge which took place last week.
The retrenchment exercise which took place barely a month after the appointment of Mr. Edward Dickson as the new Managing Director and Editor-in-Chief of the company, was a shock to many of the affected workers.
According to sources, the management felt that it was necessary to prune down the over bloated staff strength estimated at 700, adding that a staff survey they conducted revealed that other media houses have not more than 300 workers.
A source said, “they went to other newspapers and found out that their staff strength are far less than our own. They claimed that they went to a Lagos-based newspaper and found out that they employed not more than 300 staff and they do not see the reason why they should have 700 staff.”
Other reasons adduced for the retrenchment include drop in the company’s working capital and its inability to give dividends to shareholders.
Culled:PMNews
At least 160 workers in all the departments were affected in the mass purge which took place last week.
The retrenchment exercise which took place barely a month after the appointment of Mr. Edward Dickson as the new Managing Director and Editor-in-Chief of the company, was a shock to many of the affected workers.
According to sources, the management felt that it was necessary to prune down the over bloated staff strength estimated at 700, adding that a staff survey they conducted revealed that other media houses have not more than 300 workers.
A source said, “they went to other newspapers and found out that their staff strength are far less than our own. They claimed that they went to a Lagos-based newspaper and found out that they employed not more than 300 staff and they do not see the reason why they should have 700 staff.”
Other reasons adduced for the retrenchment include drop in the company’s working capital and its inability to give dividends to shareholders.
Culled:PMNews
No comments:
Post a Comment