MXit in talks with staff over retrenchments

2012-12-07 13:09

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Cape Town - The social network MXit is in talks to retrench some its workers, it confirmed on Friday.

A staff member told News24 anonymously that "the writing has apparently been on the wall for some time now, so it hasn’t come as too much of a shock to staff".

Several departments have been served with voluntary retrenchment packages.

Mxit will be paying them out till the end of the year and several months thereafter.

Staff members have been asked not to speak about the retrenchments until the process has been finalised.

Departments that are affected by the retrenchments include Support and Provisioning and Graphics.

Legal process

Sarah Rice, Head of Communications at MXit, told News24 she cannot confirm anything until Monday.

"We first need to complete the legal process. We are in conversation with some of the staff but can only give comment on Monday."

This comes a couple of months after Alan Knott-Craig Jnr stepped down as CEO of Mxit in October, barely a year after he bought it through his investment company, World of Avatar (WoA). He also parted ways with WoA.

“While the shareholders and I share the same vision, we differ on how to get there. Therefore, I agreed to go my own way. I wish them all the best for the future,” Knott-Craig Jnr said in a statement at the time.

Chief financial officer Francois Swart will be acting as CEO until a replacement for Knott-Craig is found.
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