MTN lays off 285 Expatriates To Reduce Overhead Cost

In a move to reduce overhead costs and also encourage local content in the company, MTN Nigeria Communications Limited, has replaced 285 expatriates with Nigerian workers
The Corporate Service Executive, MTN, Mr. Wale Goodluck, disclosed this at MTN Leadership Forum in Abuja, where leading management author, Dr. Ram Charan, spoke on the imperatives of growing the Nigerian economy.
Goodluck said at the time MTN entered Nigeria in 2001, the company had expatriate staff of 300, but added that the burden of catering for the large expatriate workers was heavy, thereby informing the decision to replace them with Nigerians.
He said MTN was able to replace the expatriates through the twin policy of poaching Nigerians in the Diaspora and investing in the training of local engineers.
Goodluck added that the investment of the company in training of Nigerian engineers had paid off, with MTN now sending them to work in other countries.
Delivering the lecture, which was attended by key persons in government, which included the Chief Economic Adviser to the President, Prof. Nwanze Okidegbe, Charan said it was important for the Federal Government to focus on a few things in order to attract quality Foreign Direct Investments.
He mentioned further that it was difficult for any nation to make it without sufficient FDIs, adding that Nigeria did not need to eliminate corruption before jump-starting the economy.
He reiterated that corruption was inherent in all countries, adding that while Nigeria could put some energy into fighting it, the most important thing to do was to pick a few things to focus on and create the large picture in the minds of the people.

Posted from WordPress for BlackBerry.


1 Comment

  1. Pingback: Ikpoki named first Nigerian MTN CEO | TransformationWatch

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