Job cuts at Malawi media giant: Times Group lays off 68 workers due to poor economy

Malawi media giant, Times Group, has announced retrenchment of over  60 employess due to economic hardships the country is facing impacting on the private sector.

Chikadya: Harsh economic environment in Malawi affecting business

Chikadya: Harsh economic environment in Malawi affecting business

Ligomeka: Resigned

Ligomeka: Resigned

The high-flying media house with interests in three national newspapers, national television station, national radio station, commercial print house, publishing house, courier service and an advertising agency,  confirmed on Friday that  about 60 positions will be cut.

“As a business largely propelled by imported raw materials, the depreciationof the dollar from MK450 to MK750 in the last 24 months, has created a hostile economic weather that is unforgivingly unhealthy to sustain our growth drive,” the company founded in 1895 said.

Times Media Group boasts of chain of companies including titles namely; The Daily Times, Malawi News, Business  Times and The Sunday Times.

Managing Director for the Company, Leonnard Chikadya, said he regretted that the company has in the last six months engaged in detailed business and structural analysis to create efficiencies in its operations with the view to harvest savings and one of the products of the analysis is the realignment of the Human Capital Strategy and consolidated skill base.

“Resultantly, Times Group has taken a decision to resize and reorganize its organizational structure with the view to balance the business sustainability,” it said in a statement emailed to Nyasa Times.

“We remain committed to ensuring that all mandatory and legal requirements are strictly complied with during this process and we further commit to consider the affected Members of Staff as a priority recruitment catchment area should the economic space improve. We are positive this may happen soon to minimize the economic hardship of those dedicated members.”

The retrenchment will not  affect the delivery of Times Group highest quality standards , the company assured.

Journalists commenting on the development on Facebook said retrenchment is not  new at Times Group

“The strategy is now a familiar occurrence  happening almost annually from around 2007 ,” commented James Mphande.

Another journalist Suzgho Khunga added that actually “ its been annual from as far back as 2004.”

Commening , former Times Group editor Idriss Ali Nassah  wrotes: “This must be hard, on both the company and the workers. No doubt, its going to be much harder for the workers, in face of the new pension law that restricts what one can get back. I am sure management had no other choice but take this drastic measure. The bleak national economic outlook hasn’t been kind on many companies, and the print industry is no exception. Whats worse, most of the material used in printing the newspapers, for example, is imported…from ink, plates, newsprint etc. These are tough times all round.”

Before the retrenchment one of the editors Brian Ligomeka tendered his resignation.

Veteran sports editor and columnist Duncan Mlanjira was also rendered surplus to requirements in the newsroom before the job cuts.

Others who have lost their jobs in the newsroom include Gregory Gondwe Mtchindi Meki, Adam Phiiri and Tadala Kakwesa.

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23 thoughts on “Job cuts at Malawi media giant: Times Group lays off 68 workers due to poor economy”

  1. malata says:

    9 retrenchments in 9 years of your stay at Times Group. Mr Chikadya accept that you have failed and allow a fresh pair of hands to run the company. Don’t wait for the board to fire you, if at all there is a board. You have destroyed the careers of many up and coming journalists because of your faith in retrenchments.

  2. MERCEDES says:

    A BOMA PANGANI MAGETSI A SOLAR OR A COAL MWAMSANGA OTHERWISE MORE INDUSTRIES ARE GOING TO CLOSE DUE TO SHORTAGE OF ELECTRICITY THE GOVERNMENT MUST START TO ACT NOW

  3. ernest banda says:

    Save the 68 jobs by cutting 50% of the salaries for Dumi, Sungani, FC, Chikadya basi zokwana, osachotsa anthu nthawi ya njala akadya chani, achuluka kuti nation newspaper and Zodiak to employ them. Chonde chonde

  4. Oikonda Malawi says:

    Chikadya waonjeza ngongole for Times. Pachipanda kuti National Bank ndi ya MCP bwenzi Times itatsekedwa kalekale. This prado TIMES 95 ndi yangongole. Ngongole za Malawi ma 50% ngati katapila eish. Kugula radio ndi ngongole. Ma salary ama employees ngongole za bank. MAVUTO.

    CHIKADYA MUST GO. He has created ngongole zambiri to Kamuzu Family.

  5. Rift Valley says:

    Sad, very sad indeed. Please reduce obscene fat salaries/allowances to save a few jobs. Nanga anthuwa apita kuti abale. Other Media Houses cannot absorb any more employees. In fact they are probably considering Lay-offs as well.

  6. khudze says:

    wolandira ndalama zambiri ndi inu mukutsala wosachoka inuyo anawo azigawana ma changewo so bad a chikadya mwachotsa anthu ambiri by now mukanangochoka ndi inuyo ena ayesepo nzeru zawo

  7. Lewis says:

    Times Television News has gone really bad since Gracian Tukula left. Mr Chikadya look into this seriously. The TV news does not inspire confidence

  8. Ambwiye says:

    Chikadya has failed, he must be the first to leave the organisation. This entity has gone from bad to worse during your tenure, There is no job satisfaction at Times Group employees are always afraid of their fate, John Maxwell said this in one of his books, Everything lies upon leadership. You have failed to manage the entity, Its high time you give a chance to new blood.

  9. frank says:

    Business are retrenching due to kwacha depreciation, reserve bank said a while ago that they are suprised businesses are still operating, well this is your answer, when business close they first retrench and then close so we are getting there. this depreciation has brought the economy on standstill. it has been ovderdone and now it is hurting the economy, it has been very immature and trial and error policies now we are in a hole which we cannot find a way out. currently the kwacha is not free floating there are limits in place,thats why it has overdepreicated, it should be allowed to be freee float so it can depreciate or appreictae freely by any amount, then kwacha would have never gone above 550 to a dollar

  10. john banda says:

    severance two wks for the first 5 years, 3 wks for 6 to 10 yrs, four wks above 10years, 50,000 severance is tax free. in calculating severance we add all earnings like telephone ngati umalandila, fuel etc. pension tax free. good morning

  11. Boswell says:

    Zonsezi ndi Nthawi ,tili mmasiku otsiriza, tisalozane zala apa, or akanakhala JB OR CHAKWERA ,chimodzimodzi, tiwerenge baibulo mozama kuti ambuye azitizindikiritsa nyengo.

  12. Malonda Nkumbuyo says:

    Guys know that this is the global woe……actually even a great economy like china is crying nde what more Malawi.

    We cant wholly blame the powers that be eeeeeed. Wake up Malawians and get going.

  13. mahomwa Nyika Republic says:

    Achewa azindikire kkkkk professor hahaha Ku Thyolo kugachokere president kkkkkk

  14. Francis TP says:

    Mr. Chikadya please please, don’t fire Francis Tayanja-Phiri, I hold four aces against him so we have to sort it out before he faces the chop. Please I beg you. Tell him to read Psalms 109.

  15. Misolo says:

    Guys, musadandaule mosweka mtima mulungu akusamalani. Samataya wake ndipo
    Dziwani kuti khomo lina litseguka.

    Mulungu akhale nanu.

  16. mbina says:

    thats what this idiot chikadya mastered as his managerial skill usanamizile
    economy pusi iwe.

  17. The Analyst says:

    O……………………………………………………………………………………………………………………………………………………………………………………………………………..O
    This is the time when one knows the importance of making savings and investments while working. Otherwise, ngati timadya ndalama ngati tomato, mhhh, you guys are in deep shit.
    . . . People, zimaoneka zompweka when it happens to others but being laid off, is no laughing matter; particulary if you have a stay-home wife and school-going kids and other parasites in the name of relations.

    We need to start or continue making savings and investments, no matter how little. You see . . .
    “Wealth, like a tree grows from a tiny seed. The first Kwacha you save or invest is the seed from which your tree of wealth shall grow. Thus, the sooner you plant that seed, the sooner shall the tree grow and the more faithfully you water that tree with consistent savings, the sooner may you bask in contentment beneath its shade.” – George Clason (The Richest Man in Babaylon)

    Otherwise, kupempha kumachititsa manyazi and you cant start making logical and successful investmenting after being laid off (coz the mind is confused).
    ………………………………………………………………………………………………………………………………………………………………………………………………………………….
    . . . Further, we need to enhance our skills and strive to be the best wherever you are and in whatever you do and not become content hence complacent. Truth is, during such exercises, it is those who are seen as relatively less competent and less everything that are declared redundant hence laid off, first.
    . . . Even if it happens that you are the best and still laid off; you dont take long on the job market, if you happened to have enhanced or diversified your skills.

    Otherwise, if you just stayed there with your certificate or diploma; its relatively harder. And my heart-felt and fair-dinkum condolences!
    O…………………………………………………………………………………………………………………………………………………………………………………………………………….O

  18. Che Wanimiliyoni says:

    The business environment is indeed tough and hostile and a lot more workers will be retrenched in many other companies. But what I find suprising is the largest employer govt is not retrenching staff despite dwindling revenues in dollar terms from MRA. Its either govt is printing genuine illegal money or half the govt budget is going towards emoluments of public servants. In either situation the resultant effect is stagnation of the economy.

  19. kahunahuna says:

    izi ndi zimene munkafuna povotera galu pitala kusiya JB. What do you think were you doing on the voting day? Punishing JB? You now have your reward, and it will get worse for you silly Malawians who made the foolish mistake of voting for galu ameneyu.

    1. November Rain says:

      Nanu inu kupepela muzasiya liti? JB, JB chani?
      Iweyo ndi munthu opandilatu nzeru ngati JB wakoyo.
      Iweyo cant you see the pain that JB caused this country? Kuba ndalama zonse nkuthawa?
      Kodi a Malai enanu muzasiya liti kupusa?
      Kodi anthu zimatheka bwanji kumakhala opepela chomchi?
      Munthu omvetsa manyazi iwe!

  20. kahuna says:

    izi ndi zimene munkafuna povotera apm kusiya JB. What do you think were you doing on the voting day? Punishing JB? You now have your reward, and it will get worse for you silly Malawians who made a foolosih mistake of voting for ap,/

  21. Mulhomwe Wankulu says:

    Tinkanena kuti uyu Peter simunthu oti angayendetse dziko, anthu ena ombwambwana ife antundu wa Chilhomwe tinkatsutsa, pano nde ndizimenezi.. Nde anthu omwe atachotsedwe ntchito’wa, alowela kuti? Too bad indeed!!!!!! Lets just get rid of him (PETER) with impeachment, PERIOD!!!!

  22. Pat liabunya says:

    Kkkk musiye kugula expensive cars dont fire the pple

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