[ad_1]
MTN Group Ltd reopened offices in Nigeria that had been closed since Monday because of violent protests by labor groups against the largest mobile phone company in Africa.
Employees were badaulted and property was vandalized. The wireless carrier is working with the Nigeria Communications Commission, government departments and industry groups to reach a "friendly resolution" with the unions led by the Nigeria Labor Congress, said MTN
. A spokesman for MTN Nigeria said Friday that the offices were open again. He declined to comment on whether a settlement had been reached with the working groups.
The NLC had stung MTN's offices across Nigeria all week, accusing the company of refusing to allow workers to join a union. union. MTN is the market leader in Nigeria with nearly 55 million customers, but has had difficult relations with the most populous country in Africa in recent years. In 2015, the company was hit with a regulatory fine that led to more than 18 months of negotiations that eroded the price of the stock. Last year, the headquarters of MTN Nigeria in the capital, Abuja, was vandalized in retaliation for xenophobic attacks against Nigerians in South Africa.
Shares fell 0.2% to 106.67 rand at 12.15. in Johannesburg, the drop in the year rose to 21%.
[ad_2]
Source link
