Audio By Carbonatix
There will be further lay-offs at telecommunications company Vodafone as it plans to downsize its operations.
More than a thousand workers have been retrenched since Vodafone took over the operations of Ghana Telecom.
The exercise then, saw a lot of acrimony between the workers’ union and management over the way the process was managed.
The new Chief Executive Kyle Whitehill tells Joy Business further restructuring is necessary to ensure that the company is able to deliver prudent returns.
He says Vodafone is yet to realize any profits even though it has invested a substantial capital into the business.
“When we bought this company 18 months ago the company was losing tremendous amount of money. The ambition that Vodafone had for this organisation was this will become a successful business in Ghana for the next 300 years.” "It was unsustainable the position we are in."
He says the company has had to look at the structure of the company and the right number of people to deliver the service needed.
He notes that a lot more dramatic changes will have to be made to ensure that the company is on the right track.
Mr. Whitehill however adds that the company will continue to engage new hands even as others are laid off.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana to honour Christina Hammock Koch for historic Artemis II mission
27 minutes -
Supreme Court appointments require more than 15 years’ experience – Justice Adjei-Frimpong
43 minutes -
Fire destroys 3-bedroom house at Bogyawe
1 hour -
Why the Supreme Court is a “policy court” – Justice Richard Adjei-Frimpong breaks it down
1 hour -
Playback: The Law discussed Supreme Court @150
2 hours -
MTN Momo staff walk to promote wellness and fitness
3 hours -
Assafuah: Sedina Attionu’s return from Nevada will test government’s commitment to accountability
3 hours -
How GRA’s Modified Taxation Scheme is boosting revenue compliance & SMEs competitiveness
3 hours -
Stonebwoy Can Do It: A call to unite behind 2026 BHIM Fest
3 hours -
World Shea Expo returns to Tamale for 2026 edition
3 hours -
Prioritise cocoa sector with better prices, timely payments-Annoh-Dompreh urges NDC
4 hours -
Lands and Mines Watch Ghana endorses Heath Goldfields’ mining capacity
4 hours -
Gbintiri residents protest alleged diversion of 24-hour market project
5 hours -
Justin Bieber headlines Coachella with nostalgia-fuelled set
5 hours -
Ukraine and Russia accuse each other of hundreds of ceasefire violations
5 hours