Mmegi Group restructures

Friday, September 26, 2014

The management of Mmegi Investment Holdings (MIH) and its subsidiaries this week notified staff of a restructuring exercise that the Group is undertaking which may result in possible job losses. Business Week asked the Group' spokesman, Titus Mbuya, what the restructuring exercise is all about.

BusinessWeek: Is it true that the company is retrenching staff?

Mbuya: The company is not retrenching staff. The company is undergoing a restructuring exercise that might result in job losses. In the event there are job losses, in consultation with staff, the company will do everything it can to avoid or avert the magnitude of such an eventuality.

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