Source: techmoran.com

Source: techmoran.com

Top Nigerian Newspaper, The Guardian, has reportedly sacked its Managing Director, Emeka Izeze, along with its Executive Consultant, Lade Bonuola and two other consultants, in what appears to be the first wave of mass retrenchment of employees at the company.

Izeze, Bonuola and two other top consultants were sacked on Friday by the management of the company.

According to PM News, 100 other workers of the company are also to be sacked in the coming days as a result of the economic challenges facing the country and the need to reposition the newspaper.

The sacked MD, Izeze, had been The Guardian’s Managing Director/Editor-in-Chief for over a decade until the position was split about two years ago, leaving him as just the Managing Director while Debo Adeshina was named Editor-in-Chief.

On the other hand, Bonuola was a founding member of The Guardian newspaper and contributed immensely to the growth of the newspaper.

A source close to the newspaper also disclosed that 100 other workers have been penciled down for sack and would be issued sack letters in the next few days.

The Guardian was established in 1983 by Alex Ibru, an entrepreneur, and Stanley Macebuh, a top journalist with the Daily Times newspapers.

The Guardian became a pioneer in introducing high-quality journalism to Nigeria with thoughtful editorial contents.

The paper was first published on 22 February 1983 as a weekly, appearing on Sundays. It started daily publication on 4 July, 1983.

The Guardian is not the only media organisation to carry out a massive retrenchment of workers.

Just days ago private television station, African Independent Television (AIT) fired all its workers in Benin City following protests demanding payment of salaries owed for the past two years.

Although the economic troubles facing the country might have been the cause of the sack, it is also suspected that the EFCC trial against the chairman of DAAR Communications Plc, owners of AIT, Chief Alegho Raymond Dokpesi, might have taken a toll on the financial sustainability of the company.

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