MultiChoice Zimbabwe Begins Voluntary Retrenchment Process
The struggling MultiChoice Zimbabwe is letting go of staff and has begun a voluntary retrenchment process as the country's DStv subscribers continue to plunge due to ongoing and worsening economic conditions.
MultiChoice Zimbabwe's customer base is rapidly shrinking as people struggle to pay for GOtv and DStv because they simply don't have the money or because of the limited payment options and Zimbabwe's currency problems.
The pay-TV franchise owned by Skynet (Pvt) Ltd calls the job losses within the company "inevitable".
MultiChoice Zimbabwe told its staffers that the pay-TV operator had tried to manage and reduce its costs to the bone by stopping all contract employees, reducing working hours and through the strict usage of company vehicles among countless other measures.
However, due to the company's subscriber numbers having reduced drastically, MultiChoice Zimbabwe found that its hands were tied and that it had been delaying the inevitable.
MultiChoice depends mainly on subscriber revenue, and in turn, Ally Property Investments (Pvt) Limited relies on rentals from tenants regardless of the country's economic challenges and Skynet (Pvt) Limited is one of their major clients.