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AIRCEL JOB CUT
Aircel employees back each other in misery & uncertaintyAircel’s reigns have been given to an insolvency resolution professional (IRP) from Deloitte after it was admitted to bankruptcy in March.- Government to help workers laid-off by telecom companies: SecretarySome estimates peg the number of job losses in the sector, which has been passing through choppy waters after the launch of the aggressive ...
- 5,000 Aircel staff to hit job street choked with ex-employees of shut telcosExecutive search firms, which have already received several resumes from Aircel employees, expect the number to shoot up post Aircel’s warn...
- Consolidations done, telecom looks to dial up growth in 2018With demand for data fuelling the digital economy, 2018 could be the growth year for the sector where investment of Rs 3 lakh crore is line...
- Huawei cuts India workforce by a thirdAfter cuts, the company has a workforce of more than 8,000 individuals spread across sales, supply chain, R&D and network engineering funct...
- Telecom executives rush to exit sector as companies eye consolidationTelecom is truly in turmoil now. Analysts said smaller telcos will continue to face the heat while larger ones will run an extremely tight ...
- We support RCom-Aircel merger, but timely payments are a concern: Manoj Tirodkar,Chairman, GTL groupAircel itself has had turbulent times along with the Indian telecom space and I admire Kaizad Heerjee (Aircel CEO) for their effective turn...
- Tax sops may top agenda at telecom meetThe panel will start by meeting the more stressed companies such as Reliance Communications, MTS, Aircel and Tata Teleservices.
- Pink slips for 600 as Reliance Communications trims fatIncidentally, the sackings came after RCom reported its first ever consolidated net loss of Rs 531 crore in the December quarter.
- What the Idea-Vodafone merger means for telecom, Jio, employees and you: 6 takeawaysVodafone and Idea—No. 2 and No. 3, respectively— will become the No. 1 player in the Indian telecom market, pushing the present No. 1 Bhart...
- Employees hit by shakeout in telecom stare at lower payLayoffs on account of consolidation and poor business performance are already underway. Those who remain are looking hard for a lifeline.
- Aircel goes for big job cut, 700 to get pink slips nowCellular services major Aircel is all set to give pink slips to 700 staff - around 10% of its pan-India staff strength.
- Hello & goodbye: Multi-billion dollar telecom mergers could see 25,000 pink slips and countingAny layoffs may take about 12-18 months. The merged entity will have to first ensure that distributors maintain the network and operators c...
- Sistema Shyam to ramp down voice operations to cut costs; job losses on cardsSistema Shyam claimed the company has not scaled down operations anywhere yet, alleging that "vested interests" were indulging in "misinfor...
- Aircel to cut 600 jobs amid surging costs, severe margin pressureAircel will cut 12% of its workforce following its decision to reduce operations in five unprofitable regions amid surging costs and severe...
- Our focus is going to be on insight and analytics, digital and content: CVL Srinivas, Starcom MediaVestSince taking on the responsibility of the Chairman of Starcom MediaVest Group, CVL Srinivas has been revamping the agency.
- Grey market thrives as Apple yet to step up India retail effortUnlike many global providers, Indian phone companies do not offer deep discounts on handsets in return for a monthly contract.
- India's telecom story over? Six top executives of mobile companies hunting new jobsSix top execs of mobile cos are hunting for new jobs, signalling bad times for a sector that was once touted as symbol of India's growth st...
- Telecom players like Tatas, Etisalat, Loop Telecom hiring slumps, layoffs becoming commonThe telecom industry is headed towards a huge shakeout and consolidation is expected that will reduce the number of players to 4-5 from the...
- Bharti Airtel to merge mobile, DTH & telemedia businesses; 2,000 jobs may be lostSeveral Bharti executives and others familiar with the company's plans told ET that managers had been told to cut positions in their teams.
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