Embattled telecommunications operator, Rwandatel, will today dismiss 30 percent of its employees, Business Times reliably reports.
The operator, which was recently stripped off its mobile operating license, has 325 employees, meaning that about 98 workers are set to be rendered jobless.
The layoff is one of the cost-cutting measures which Rwandatel has embarked on, as it is increasingly desperate to remain in business after the Commercial Court appointed an administrator for the company which was declared technically bankrupt by the Registrar General.
The decision to layoff more than a quarter of the staff was mooted on Wednesday during a meeting between the company’s Chief Executive Officer and the new caretaker administrator.
“This is not a confirmed project since it was just mentioned in the meeting but the company is trying to maximize its remaining services, cut costs and look into its budget line,” said Cleophas Kabasita, the company’s Corporate Communications Manager.
Kabasita added that the GSM operation supporting departments are likely to be hit the hardest when the retrenchment is effected.
“The management is still holding meetings regarding the numbers to be laid off,” Kabasita said, adding that those affected will be compensated according to the law.