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Etisalat workers seek other job options for fear of losing their jobs

by O. S David
Etisalat workers seek other job options for fear of losing their jobs

Etisalat workers seek other job options for fear of losing their jobs

-Adenike Akindude

After the resignation of the Hakeem Belo-Osagie from Etisalat, other employees of the telecommunication company are seeking employments options in rival companies.

 

According to information gotten from a reliable source in the company the actions of the employees are as a result of the fear the workers have about losing their jobs. The source mentioned that the workers have been in search of better job opportunities since March when there was a threat from banks to take over the company due to unpaid loans.

Since the resignation of the chairman of the company, many workers are about to quit as they know that the resignation will lead to some operational restructuring and the sack of most employees. The workers have taken the decision to leave the company before they are sacked.

The Etisalat employees are making attempts to leave the company despite assurance from the Central Bank of Nigeria’s that it will prevent any sack of workers and possible fallout of the ongoing restructuring being undertaken by the company.

Gbenga Adebayo, The chairman of the Association of Licensed Telecoms Operators of Nigeria, spoke about the Etisalat. He said the crisis in Etisalat can be compared to that of Mobitel 10 years ago, he mentioned that the loan taken by the company from the defunct Intercontinental Bank led to the collapse of the company.

 He added: “Some policies of government such as multiple taxations, Right of Way, among others, do not favor the telecoms industry and this is indeed the remote cause of the Etisalat crisis.

“Part of government’s policy on forex is responsible for the state of the telecommunication industry. The issue of Etisalat with banks, which I don’t want to speak much on, is a typical example.”

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