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Media Release 26th February 2016, Blantyre TIMES GROUP BUSINESS RE-ENGINEERING

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Founded in 1895, Blantyre Printing and Publishing, currently trading as Times Group, has sustained growth, pioneered innovation and maintained a leadership position in the media over the last 121 years.

Indisputably Malawi’s only Media House commanding 360 degrees media authority with interests in three national newspapers, national television station, national radio station, commercial print house, publishing house, courier service and an advertising agency, we have over the years maintained the largest number of employees in the media by far.

As a business largely propelled by imported raw materials, the depreciationof 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.

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We have in the last six months engaged in detailed business and structural analysis to create efficiencies in our operations with the view to harvest savings. One of the products of this analysis is the realignment of the Human Capital Strategy and consolidated skill base.

 

Resultantly, Times Group has taken a decision to resize and reorganize its organizational structure with the view to balance the business sustainability.

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We remain committed to ensuring that all mandatory and legal requirements are strictly complied with during this process and we further commit to consider the affected Members of Staff as a priority recruitment catchment area should the economic space improve. We are positive this may happen soon to minimize the economic hardship of those dedicated members.

 

We also wish to assure our Clients, Readers, Listeners, Viewers and all Stakeholders that this process will in no form or colour affect the delivery of our highest quality standards in all our business units. Times Group remains the market leader in the media industry in Malawi.

 

 

MANAGEMENT

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