{"id":16930,"date":"2022-03-29T14:17:54","date_gmt":"2022-03-29T14:17:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half"},"modified":"2022-03-29T14:38:00","modified_gmt":"2022-03-29T14:38:00","slug":"tmcel-to-cut-workforce-by-half","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half","title":{"rendered":"Tmcel to cut workforce by half"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>State-owned telecommunications company Tmcel will reduce its workforce from the current 2,000 to 1,000 in the context of ongoing efforts to make the company sustainable and reduce the current 120 million meticais monthly wage bill and debt burden.<\/p>\n

Chairman of the Board, Momed Rafique, says Tmcel has not received any state operating subsidy since 2017, and owes more than US$300 million.<\/p>\n

\u201cWe currently have more expenditure than revenue. This is a recipe for failure. We have to reverse this situation urgently. By the end of 2022, we have to have 1,000 fewer workers,\u201d Rafique told TVM.<\/p>\n

\u201cIt\u2019s not only a question of cutting 70 million [meticais] in salary, it\u2019s about reducing inefficiency. We have to let go. Those who already have the right to go home, to go home, rest, do other things. Those who have to work, to work, to be re-qualified, retrained, so that we can bring efficiency and efficacy and, above all , profitability back to the company,\u201d he said.<\/p>\n

A large part of Tmcel\u2019s real estate assets is mortgaged to the bank with repayments of 200 million meticais per month, but the company can only pay half of this amount.<\/p>\n

To respond to these challenges, the company\u2019s managers are betting on advanced technologies.<\/p>\n

\u201cOn Friday we launched, for the first time ever in Mozambique, 5G technology \u2013 the real one, with speeds above 1700 Mbps megabytes per second. It\u2019s an innovation, but we have also put Mozambique in the 5G club,\u201d Rafique stressed.<\/p>\n

Parliament\u2019s Planning and Budget Committee visited Tmcel this Monday as part of its supervision and inspection of companies in the state business sector.<\/p>\n

Recent extreme weather events and terrorist activity in Cabo Delgado have also caused the company significant losses.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. State-owned telecommunications company Tmcel will reduce its workforce from the current 2,000 to 1,000 in the context of ongoing efforts to make the company sustainable and reduce the current 120 million meticais monthly wage bill and debt burden. Chairman of the Board, Momed Rafique, says Tmcel has not received any state operating […]<\/p>\n","protected":false},"author":84,"featured_media":16929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-16930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nTmcel to cut workforce by half - Mozambique<\/title>\n<meta name=\"description\" content=\"State-owned telecommunications company Tmcel will reduce its workforce from the current 2,000 to 1,000 in the context of ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tmcel to cut workforce by half\" \/>\n<meta property=\"og:description\" content=\"State-owned telecommunications company Tmcel will reduce its workforce from the current 2,000 to 1,000 in the context of ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-29T14:17:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-29T14:38:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-624319b38ebc7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tmcel to cut workforce by half\",\"datePublished\":\"2022-03-29T14:17:54+00:00\",\"dateModified\":\"2022-03-29T14:38:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half\"},\"wordCount\":300,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-624319b38ebc7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/tmcel-to-cut-workforce-by-half\",\"name\":\"Tmcel to cut workforce by half - 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