Retrenchments looming at Momentum

Retrenchments looming at Momentum

Retrenchments looming at Momentum

Hertta-Maria Amutenja One of the leading financial service providers, Momentum Metropolitan Namibia (MMN) has announced to its employees that it will embarked on a retrenchment exercise to save N$10 million on its payroll cost. The decision follows a business update engagement held between Group Chief Executive Officer Sakaria Nghikembua and all MMN employees, via the Microsoft Teams platform, on Monday. According to an internal memo seen by this publication the company has invited all employee levels in the Life Business, except for Sales Managers and Salespeople to apply for a voluntary retrenchment which is due end of next month. The…
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