Radio Africa Limited has announced plans for a new restructuring as part of ongoing efforts to stabilize its operations.
In an internal memo, the company behind several media outlets, including The Star newspaper, Radio Jambo, Kiss FM, and Home Boyz Radio, acknowledged the sacrifices made by employees by accepting “voluntary pay cut”, assuring them that efforts will be made to restore these reductions as soon as possible.
The Group Chief Executive Officer (CEO), Martin Khafafa, stated that the next phase in the process of ensuring stability will be the alignment of the various business operations, a phase that could lead to restructuring.
In the same memo, the Group CEO noted that the company looks forward to working closely with staff to turn around the business.
“As you may be aware, the challenges faced by the media industry necessitated various measures to stabilize the business, including but not limited to voluntary pay cuts,” read part of the email.
“The company acknowledges the sacrifice made by the staff who agreed to the voluntary pay cut, and we assure you that every effort will be made to restitute the cut within the shortest time possible.”
This follows Radio Africa Group Limited’s previous announcement on April 25, when 27 employees were laid off as part of a major internal restructuring.
Radio Africa Announces Restructuring
The Group Chief Executive Officer (CEO), Martin Khafafa, announced the layoffs in an internal memo dated Friday, April 25, describing the decision as incredibly difficult.
According to Khafafa, the decision was made to ensure the long-term sustainability of the business.
“We made the incredibly difficult decision to let go of 27 of our colleagues. This was one of the most challenging moments in our journey. These individuals have been part of our team for many years, some for over 20 years,” the memo read in part.
“Please know that this decision was not taken lightly; it was necessary to ensure the sustainability of our business while facing rising operational costs in a harsh economic climate.”
Also Read: Job Losses as Radio Africa Fires 27 Employees
The Radio Africa Group is one of the country’s leading media groups, with a broad portfolio that includes radio stations and a newspaper.
The group’s media brands include Kiss 100, Classic 105, Radio Jambo, East FM, and Smooth FM, as well as The Star newspaper and its digital platforms.
Also Read: Mass Layoffs Loom as Radio Africa Group Announces Restructuring
Back in 2024, Radio Africa’s management, in a memo dated July 17, announced a restructuring plan, citing the numerous challenges facing the media industry as the primary reason for the restructuring.
The memo, which was addressed to all correspondents, stated that the company was working towards creating a “leaner and efficient organization”, a move that the company’s management notes will necessitate some structural changes.
The memo also states that the planned layoffs would be implemented in batches, with the company promising to respect the contractual obligations of its staff.
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