MultiChoice assures employees of job security amid retrenchment fears ▷ Kenya News

- MultiChoice operates DStv, GOtv and Showmax in Kenya and other countries in Sub-Saharan Africa

- The company unveiled its social-economic impact report which revealed that it pumped KSh 57 billion in Kenyan economy between April 2015 and March 2019

- With a workforce of over 9,000 people in the country (direct and indirect employees), the company is optimistic the number will grow as demand and services continue to increase

- It has said the emergence of online TV services does not have the capacity to destabilise its market share and thus reassuring employees of job security

Pay TV company MultiChoice has allayed the fear that the emergence of online television streaming platform is likely to cost a section of its employees jobs by rendering some of their positions redundant.

MultiChoice Kenya Corporate Affairs boss Philip Wahome said the firm had not foreseen any circumstance in the future that may cause it to announce retrenchments.

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Philip Wahome said MultiChoice had not foreseen any circumstance that may cause it to announce retrenchments. Photo: MultiChoice.
Source: UGC

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According to Wahome, TV content distributed via digital set top boxes still had an edge over internet content citing factors like reliability and limited internet access in the country.

"Multichoice is prepared to deal with this development...but so far there is no indication that we will bump into redundancy. All we can see is the opening of new opportunities in the content market and this means more job hunters and content creators are set to benefit.

I also believe that the current internet coverage in the country does not have capacity to affect the market of decoders and settlitte dishes. We also have Showmax, which is our online streaming service and this means that we are prepared to compete with other rivals," explained Wahome.

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From (l) Vaibhav Rathi, Reatile Tekateka, MultiChoice Group's Ruth Omondi and Wolfgang Popp the Accenture Strategy Director during launch of the socio economic impact report. Photo. Multichoice.
Source: UGC

Wahome made the remarks on Thursday, October 24, in Nairobi when the company unveiled its Social Economic Impact Report for 2015/2016 and 2018/2019 financial years.

His remarks come amid rife retrenchment fears witnessed in companies in the media, betting, banking, manufacturing and horticulture sectors in the country.

The report revealed that between April 2015 and March 2019, Multichoice injected to the tune of KSh 57 billion in the Kenya economy. The figure translates to about 1% of the country's Gross Domestic Product (GDP).

From (l) Wolfgang Popp, Reatile Tekateka, Vaibhav Rathi and Ruth Omondi follow proceedings during the release of the report in Nairobi. Photo: Multichoice.
Source: UGC

MultiChoice Ag. Finance Manager Ruth Omondi said apart from salaries to staff, the amount was also spent in other votes like direct investments investment (KSh 22 billion), in local content creation (KSh 14 billion), supply chain (KSh 20 billion) and Community Social Responsibility (CSR) projects (KSh 1 billion).

"We thank our customers for their continued support over the years. The success of our business is as a result of our customers' loyalty and contribution.

We continue to remain committed to our promise of enriching lives and delivering value to our customers by making great entertainment more accessible," said Omondi.

Ruth Omondi the Ag. Finance Manager MultiChoice Kenya speaks to media during launch of socio-economic impact report. Photo: MultiChoice.
Source: UGC

Currently, Omondi said MultiChoice employes about 9,000 people (directly and indirectly) across the country.

Omondi expressed optimism that the number was set to grow over time citing a rise in demand for MultiChoice services and products.

Other keynote speakers during the event were Accenture Strategy Principal Director Wolfgang Popp and Vaibhav Rathi, Accenture Strategy Business Strategy Manager.

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