Malawi economic crisis deepens: 60 lose jobs at Daily Times

Advertisement
Malawi Economic Crisis

The Times Group, the company behind Daily Times, Malawi News and Times TV says it has been forced to axe workers by the current economic depression that has hit Malawi which the company says has created a “hostile economic weather” that is “unforgivingly unhealthy” for operations.

Malawi Economic Crisis
The Times Group to fire workers

“As a business largely propelled by imported raw materials, the depreciation of the dollar from MK450 to MK750 in the last 24 months, has created a hostile economic weather that is unforgivingly unhealthy to sustain our growth drive,” reads part of the statement issued by The Times Group.

The media conglomerate was however shy to confirm reports that close to 60 workers will lose their jobs. “Times Group has taken a decision to resize and reorganize its organizational structure with the view to balance the business sustainability,” said the company in the statement.

As the meltdown continues to sprout its teeth, activists and opposition members have intensified their calls for Mutharika to call it quits, saying he has failed to maneuver the country through a sustainable recovery path.

Advertisement

77 Comments

  1. Kodi akapolo inu, mukamati Peter walephera, walephera chani? Pati? Liti? Peter ndi amene anachita cashgate? Kapena ma floods? Mwina kuchititsa xenophobia ku RSA? Musamale! Peter samagwetsa mvula mwamva.

  2. Malawi its not apoor country.bt we people we are just nothng.for example.this districts Mangochi,machinga,zomba,chiradzulo,blantyre,mulanje,chikhwawa,msanje,karonga,salima,nkhotakota,nkhatabay mwanza.part of balaka,so count this dctrcts u will see that they are just half of all districts in malawi.what iwant to say is people of this area they dnt knw how use water.am telling u if u wil go to mangochi near lake malombe u wil see people complaining of rain.bt stil they hav money that they can buy treadlepump and pump water from malombe.maboma amenewa akhoza kudyesa malawi yonse koma vuto kudalira boma chilichonse ndi toilet tissue omwe.oh yes even toilet tissues we waiting for the govt.lets 4get about zolandira,lets start producng.malawians even bible says.BLESS THE HAND THAT GIVES THAN THE HAND THAT RECIEVES.so alwyz we reciev alwyz we poor.watch out.

  3. Don’t compare Malawi with other countries. You know nothing about how many people are poor in south Africa. Our country could be better people who use much of their logic by creating their own work or go for farming. If someone has a farm will sell the crops which will generate money.

  4. I’m very sorry with some sick minded Malawians who have got a problm of Comparison syndrome, hw cn u compare Malawi and Southa frica, pls Malawi is not like South africa hey!!

  5. Achoseni ntchitoyo bola osawakhapa ndalamazawozo,nanuso akakupasani zanuzo gwirisani ntchito mutu nditochepato ntchito kusautsa.Mudzandi biliva pakutha kwa zaka zitatu.Nanunso ife timanguona,tv, courrier,news paper chilichonse mupangenawo taonani mwapanga pa mwana kuvutisa anthu.

  6. (I HAVE A MIRACLE TESTIMONY TO SHARE WITH EVERYONE)
    Hello my name is Lizzy Joe, I want to give a testimony about my HIV virus that was cured by a great spell caster. Since last 16 years I have being a HIV positive patient. I never think I we live long again and am so grateful to Dr Greg Carlos who help me cured my HIV virus last 3 weeks. I was in a great pain so I told one of my best friends about my situation; she told me that there is a great spell caster that can cure my VIRUS. I asked her if she had his contact, she gave me his email and phone number, I emailed him and he talked to me and he perform the necessary things and he told me that after 14 days, I should go for a test. Which I did, when the doctor told me that am now a HIV negative I couldn’t believe myself I went to see another doctor the result was still the same, I was human on planet earth, so i contacted him and thanked him for is good work. Please if you are having a similar problem please visit him or contact him at: [email protected] or whatsApp: +2348146867873… ALL THANKS TO Dr Greg Carlos.

  7. Mulungu kuzera mwa mwana wanu yesu khristu tithandizeni kuti ife ana anu tisavutike sikukulamulani koma kupempha, athandizeni a times tv, times news paper kuti abale ndi alongo omwe amagwira ntcito apitilize kugwira kuti ana ao ndi abale azithandizika, dalisaninso dziko la malawi. Mulungu wathu, mulemekezeke pamene mukunva pempha la munthu ocimwane, athandizeni kuzera mwa mwana wanu yesu christu amen

  8. [READ MY STORY. ON HOW I GOT MY HIV CURED].
    Truthfully, i was tested HIV + positive for the past 8 years. I keep on managing the drugs i usually purchase from the health care agency to keep me healthy and strengthen, i tried all i can to make this disease leave me alone, but unfortunately, it keep on eating up my life. So last Two Months i came in contact with a lively article on the internet on how this Powerful Herb Healer get her well and healed. So as a patient i knew this will took my life one day, and i need to live with other friends and relatives too. So i copied out the Dr Collins the herbal healer’s contact and I contacted him immediately, in a little while he mail me back that i was welcome to his Herbal Home whereby all what i seek for are granted. I was please at that time. And i continue with him, he took some few details from me and told me that he shall get back to me as soon as he is through with my work. I was very happy as heard that from him, as i was just coming from my friends house, Dr Collins called me to go for checkup in the hospital and see his marvelous work that it is now HIV negative, i was very glad to hear that from him, so quickly rush down to the nearest hospital to found out, only to hear from my hospital doctor called Browning Lewis that i am now HIV NEGATIVE. I jump up at him with the a test note, he ask me how does it happen and i reside to him all i went through with Dr Collins. I am now glad, so i am a gentle type of person that need to share this testimonies to everyone who seek for healing, because once you get calm and quiet, so the disease get to finish your life off. So i will advice you contact him today for your healing at the above details: Email ID: [email protected] or you can also add him up on whataspp +2349036950737. CONTACT HIM NOW TO SAVE YOUR LIFE AND DOCTOR ALSO CURE ALL KIND OF DISEASE AND SICKNESS: [email protected] AS HE IS SO POWERFUL AND HELPFUL TO ALL THAT HAVE THIS SICKNESS..

  9. I think blaming the president for the economic crisis is not only fare but unreasonable knowing that we depend on donors and running the country with no donor support z not eazy.

  10. #Evance u can’t compare Malawi to AS, Malawi iz number 2 poorest country in African, while iz Richest country, if they loose there jobs they will find another 1 soon,Bt here in Malawi that 60 ppo some they will die jobless #Think b4 comment

    1. Yes man we can’t compare…but if RSA high profile country is under siege with economy. ..who is Malawi?and more over its a newspaper. ..we get news from Internet nowadays….There’s more things to do out there…be inteprenuer and be boss on ur on… they can die jobless if they want but from my perspective NO..

  11. Malawians be cool.
    It’s not unusual effect because the economic melt down is all over the world.
    Rich nations are also in economic mess.
    The turn around will come soon, therefore don’t loose focus.

    1. Yes we can’t copare….so if high profile country like RSA is under siege about economy…who is Malawi to worry about job losing…m not a supporter for any president….jst look the graphic of world economy.

    2. Even in RSA, Zuma is under fire. During the state of national, everyone expected Zuma to resign. So you are talking of losing job in Malawi… Kkkkk order of the day

    3. Thats the problem with som sick minded malawian’s, comparison syndrome. If i may ask u, does Malawian economic crisis same lavel like South african? Is there hunger in south africa? Is south africa poor like Malawi? I advise u Mr Evance to use yua brain wisely pls

    4. Thn u don’t know more about South Africa Mr Kay…RSA is under pressure now…ask any1 from RSA…they will tell u….Limpopo…West Cape..eastern cape Ruston burger are declared disaster area because of drought.so if this happened to RSA wht more Malawi ….are u in Africa?

    5. Thn u don’t know more about South Africa Mr Kay…RSA is under pressure now…ask any1 from RSA…they will tell u….Limpopo…West Cape..eastern cape Ruston burger are declared disaster area because of drought.so if this happened to RSA wht more Malawi ….are u in Africa?

  12. Evn if ur redundance wz already ur plan, but u say gvt fails in order to calm those who u wanna axe!mmmmm too much buying some companies dat makes u fail to manage all!

Comments are closed.