Tuesday, June 17, 2025
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result
adron ad

Why we sacked 145 staff – TVC

metronews by metronews
June 2, 2017
in News
0

The current economic meltdown in Nigeria might have caught up with one of the media giants in the country, Television Continental (TVC), whose management has just sacked about 145 members of its workforce.
Though the Lagos-based broadcast station did not give official reasons for sacking the affected staff, it was gathered that the decision to reduce the workforce was borne out of the huge overhead cost currently being paid to keep an over bloated staff.
While the Human Resources Manager of the company, Stella Obialor, refused to speak on the matter, a top official of the organisation, who craved anonymity, told our correspondent that the restructuring was long overdue.
Declining comment, Obialor said she was not in a position to speak for the company, but referred our correspondent to the Public Relations Manager, whose telephone was off as at press time, for official comments.
The editorial official that preferred anonymity lamented that the company was paying as huge as N200 million every month as wages and salary despite the economic downturn and had not owed salaries despite the cash crunch.
Prominent faces on the television set were said to be among those that were laid off, as the station could no longer cope with a burgeoning workforce.
“It is understandable. It is an issue that had been pending and somehow, it had to happen. They were laid off as a sacrifice, so that the company will not fold up. We were paying as much as N200 million every month just for salary alone. That figure is huge. And you know that we are not owing anybody salary.
“This is the tenth year I have been working with the company, they have not owed me for one day. It is a tough choice but it is an option that would save the company from collapse,” the official said.
When queried on the identity of the affected staff, the source said: “They would soon be known when they are no longer visible on the scene.
“Some of them are faces that you see regularly on the screen, but you won’t be seeing them again because the restructuring has affected them.”
The media giant had also Friday told the staff of the intention to stop broadcasting from one of its major channels, TVC International, while throwing the 145 members of its workforce into the labour market, linking it to restructuring process going on in the company.

Previous Post

Fashola Inaugurates Board of Estate Surveyors And Valuers Registration Board of Nigeria (PHOTO)

Next Post

BBC DJ 'stepped aside' while his wife performed sex act on young man because it 'empowered her', court hears

Related Posts

YORUBA COMMUNITY AKWA IBOM HONOURS NMA AYO UDO
Entertainment

YORUBA COMMUNITY AKWA IBOM HONOURS NMA AYO UDO

June 17, 2025
D'Banj top artistes
News

D’Banj Names Rema, Davido, Burna Boy as Top 3, Excludes Wizkid

June 16, 2025
Chain Reactions Emerges Nigeria’s Most Awarded PR Firm at SABRE Awards
#SmartLagos

Chain Reactions Emerges Nigeria’s Most Awarded PR Firm at SABRE Awards

June 15, 2025
Next Post

BBC DJ 'stepped aside' while his wife performed sex act on young man because it 'empowered her', court hears

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria #EndSARS Adams Oshiomhole APC ASUU atiku Atiku Abubakar boko haram Buhari Bukola Saraki business CBN court COVID-19 crime davido ECOWAS Edo Election Edo State Election efcc Featured FG Goodluck Jonathan gunmen INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Niger Nigeria NLC Obaseki PDP police politics President Buhari Sanwo Olu senate tinubu wike Yemi Osinbajo


Recent News

  • YORUBA COMMUNITY AKWA IBOM HONOURS NMA AYO UDO
  • (no title)
  • Benue Police Arrest 14 Suspects for Hijacking Protest, Arson, Driver’s Death
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.