Massive Dismissals Hit EIB Network; 100 Staff to Be Laid Off

MyNewsGh.com can authoritatively report that one of Ghana’s biggest media empires headed by Nathan Kwabena Adisi aka Bola Ray has started laying off workers from a number of its outlets in Kumasi, Nkawkaw, Accra and Takoradi.

This also come on the heels of a freeze in plans by the organization that hitherto ruffled feathers with the Multimedia Group to open two new radio stations [Cool FM and Super FM] in Cape Coast and Tamale respectively.

On Monday, June 25, 2018 this portal gathered that more than 10 persons were given dismissal letters from its Kumasi-based Abusua and Ultimate FMs in the ongoing rationalization in order to cut down staff strength.

Sources told MyNewsGh.com that there is the possibility that some of the departments could be possibility shut down while management is exploring the opportunity of mergers to save cost.

Barring any last-minute changes, the staff of Kasapa FM, Starr FM, GH One Tv and Heritage Newspaper who may be affected by the ongoing rationalization would receive their sack letters today and one-month salary in lieu of notice.

Close sources, however, indicate that the number of affected staff is likely to be less than 30 and occasioned by the fact that all the units in Accra have been assembled at Meridian House located on the Ring Road.

Part of a planned process that started in September 2017, executive management says the movement into one space would also afford it an opportunity to adequately scale down its human resource, where necessary and concentrate on meeting its stated goals with the right numbers. An internal Human Resource process to brief workers has been held while assurances have also been given.

“This is necessary as we have to stay competitive and winning. Growth, to our overall plan to become a leading business, is essential and we do believe that these steps would play a critical role in how we are able to navigate the business environment we find ourselves in,” Chief Executive Officer, Nathan Kwabena Anokye Adisi was quoted to have said in time past

About EIB Network

With headquarters in Ghana’s capital, Accra, the company was founded in August 2014, the media group operates Starr FM, LIVE FM, Kasapa FM, GHOne TV and Agoo TV (all in Accra); Ultimate FM and Abusua FM (in Kumasi); Empire FM and Radio 360 (in Takoradi), Agoo FM (in Nkawkaw) and the Daily Heritage Newspaper (also in Accra).

The company is also getting ready to launch its digital group, EIB Digital, to amalgamate its current online offerings and will therefore collapse sister news portals like ultimatefmonline.com as well as abusuafmonline.com