MTN to lay off half of 850 S.African managers - CNBC Africa

MTN to lay off half of 850 S.African managers

Technology

by Reuters 0

MTN Group plans to lay off about half of its 850 managers in South Africa.

The mobile operator said on Thursday, well below the number of job cuts predicted by union officials.

(READ MORE: S.Africa's MTN dismisses job cut claims)

South Africa's Solidarity union, which largely represents skilled workers, said in August MTN had plans to lay off 850 managers. After years of robust growth, [DATA MTN:MTN] is facing increased competition both at home and abroad.

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