MTN, union agree to end strike immediately
MTN South Africa CEO Mteto Nyati today announced an agreement with the Communication Workers Union (CWU) to end the strike immediately.
"The agreement serves the common interests of MTN and the employees, and allows MTN to focus on its core reason for existence, which is to deliver services to its customers," said Nyati.
He apologised for the inconvenience that MTN customers suffered during the period of the strike, and thanked them for their patience and loyalty.
At the core of the agreement is that the union has accepted MTN's bonus and salary adjustment policies.
Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN".
As at the end of 30 June 2010, MTN recorded 129.2 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa and has exclusive mobile content rights for Africa and the Middle East. Visit http://www.mtn.com and http://www.mtnfootball.com.