OLX an E-commerce or an Online marketplace where people buy and sell goods and services through mobile or web which is owned by Naspers has shutdown their Office and Operation in Nigeria.
Likewise Konga was sold to Zinox Group due to Nigeria bad economy divestment to e-commerce business. Shutdown of these great firm will surely affect over 100+ employees. Although workers were informed through a notice of termination, which will commence in March.
OLX has revealed reasons why they shutdown its offices in Nigeria, Uche Nwagboso, Public Relations and Communications Lead of OLX Nigeria, responding to an email, the company confirmed it made a decision to consolidate its business operation in Nigeria and has made provision for financial compensation for the workers that will be affected.
“We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally. Our marketplace will continue to operate here – uninterrupted – as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month.
“We continue to be focused on constantly innovating to make sure that OLX remains the top classified platform in the country. Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support.
“As we’ve expressed to them directly, we are extremely grateful for their many significant contributions to OLX’s success,”
Uche Uwagboso said.
The Nigeria Economy status may be responsible for these actions, If you can recall, Efritin closed down in 2015 due to high cost of doing business and probably these companies might be experiencing similar challenges as well which lead to shutdown of offices.
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