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| Atiku Abubakar. |
The rationalisation of
staff at Gotel Communications Limited, a company under the umbrella of
Priam Group, is a culmination of the restructuring process in the companies
under our Group.
The founder of
companies under the Priam had announced that many of his business concerns will
be aggregated under the Priam Group.
Priam Group had
embarked on a restructuring exercise which led to a merger of many companies
under its umbrella.
Other component of the
restructuring includes rationalization of workforce and thus some members of
staff of the group would be laid off, with their full disengagement benefits
paid to them.
The press statement of
December 24, 2019, stressed that owing to the restructuring exercise and merger
of companies, some personnel may have to be disengaged.
”It is also not
unexpected that a restructuring procedure of this size and nature would come
with some likely job rationalisation especially, since each of these entities
has its own finance, admin, marketing, HR and ancillary support operations
which would now be consolidated and undertaken at the group level", Paul
Ibe, Media Adviser to the Founder and former Vice President of Nigeria, Atiku
Abubakar had said in the statement unveiling the Priam Group.
It should, however, be
noted that the current decision to right size the workforce in Gotel
Communication Limited is the climax of the on-going restructuring exercise
which was initiated last year.
It will therefore out
of context to ascribe any mundane presupposition for being responsible for the
decision to lay off some of the workforce in Gotel Communication Limited.
Following the
unveiling of Priam Group last year, Atiku Abubakar, ceased to be involved in
the running of the affairs of his companies. The decisions taken so far, and
especially as it relates to the rationalisation of staff, is solely a
management decision.
It needs to be
restated that we shall, as a responsible organisation, discharge every
obligation to the laid off staff and any other staff that may be involved in
the rationalisation exercise of any of the companies under the Priam Group.
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