South Africa based MTN is reported to be planning job cuts of over 400 staff, or around 8% of its total headcount. The redundancy plan, which The Times newspaper has seen, is dubbed the "Headcount Reduction Project Plan".
The plan is reported to involve 120 staff from MTN service centres, 71 from customer operations, 70 from distribution, 40 to 50 from finance, 41 from corporate sales, 21 and 20 from human resources and marketing and 10 from the technology department.
Employees have been asked to take voluntary termination packages.
It was also reported that an unspecified number of the mobile network operator's contract employees would also be cut.
The company recently reported a substantial drop in its subscriber base, largely due to prepay subscribers refusing to register their identities with the operator as required by a new law.