#MondayBlues NetOne Board reverses firing of 9 executives

NetOne board has reversed the firing of 9 executives by the CEO, after declaring the move null and void, although  the decision is yet to be implemented.

Speaking to TechnoMag in an interview , the NetOne Chairman Mr Chingoka said that the board had recently sat and deliberated over the issue, making  a decision to reverse the the firing of the executives as it was done without board approval.

“We have reversed the CEO’s decision and reverted to original status quo” said Chingoka. 

The government, Which is the main shareholder strongly felt that the decision was not in the best interest of the company, hence it was swift to react and oppose it.

One of the fired employees who spoke to TechnoMag in confidence said they had not received any formal update, alerting them on the reversal of the decision, hence they technically remain fired till they are formally recalled.

“We are yet to get an official comment from NetOne CEO Mr Muchenje on the update and way forward he has implemented”.

This however has been said to be now water under the bridge as the board expects normalcy in operation.


More details to follow.

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