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
-
Domestic debt increased by GH¢57bn to GH¢391bn in June 2026; total public debt now GH¢719.5bn
36 minutes -
CUTS warns GH¢12 demurrage surcharge on cement, raises serious cartel concerns
1 hour -
Ato Forson thanks constituents for 18 years of support
1 hour -
T-bills auction: Government exceeds target by 51%, interest rates fall again
2 hours -
Avoid comparing governments, Catholic Bishops tell Chief Justice
2 hours -
140 migrants in single dinghy rescued in English Channel
3 hours -
FIFA president Infantino will stand for re-election
3 hours -
Catholic Bishops reject calls for Chief Justice’s resignation over political remarks
3 hours -
Germany’s far-right AfD set for big win in eastern state, just short of majority
3 hours -
Catholic Bishops urge Chief Justice to avoid remarks that could raise doubts about impartiality
3 hours -
Mrs Doris Emma Doryumu (Nee Dove)
4 hours -
Illegal mining concessions easier to obtain than lawful ones in Ghana – Prof Frimpong-Boateng
4 hours -
At least 5 dead after Amazon cargo plane barreled off runway at Miami airport
4 hours -
Frimpong-Boateng proposes Environmental Restoration Fund funded by mineral royalties
4 hours -
Corrupt individuals are worse than pathogens; their actions cause premature deaths – Prof Frimpong-Boateng
4 hours