The beat about online buying may be going down as one of the flagship brands, Konga recently retrenched 80 of its employees.
This figure represents about 10 per cent of Konga’s staff who were sacked due to the economic constraints facing the Company.
This development may not be unconnected to the cash crunched economy as people’s capacity to pay for goods and services is at minimum in Nigeria.
The company is quoted as saying that reasonable severance packages would be offered to the affected staff.
In an official statement by the company on the development, it was revealed that the exercise will enable Konga.com to run more efficiently as it positions itself for the future.
“With this restructuring and by taking advantage of new innovations and upcoming retail opportunities in the market space, we are optimistic that we are on the path to grow an even healthier and more sustainable business, whilst delivering best-in-class service to our customers,” Konga said.
“The decision to restructure and realign our company’s focus to be more agile in the prevailing local economic conditions is not one that was taken lightly.
“For the affected employees, Konga will be offering reasonable severance packages and will be willing to give them future opportunities for employment in the company where their competencies match.”