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RCOM JOB CUT
What changed your market while you were sleepingNifty futures on the Singapore Exchange were trading 34.50 points or 0.31 per cent lower.- 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...
- Telcos' dogfight leaves distributors in dire straitsDistributors of SIM cards and recharge vouchers are complaining of huge drop in revenues since Jio launched its services. DeMo added to the...
- Middle-level telecom employees should be the most worriedAccording to a staffing expert, most of the cuts will be in the tech & engineering side, which typically command salaries between Rs 40,000...
- Minister Manoj Sinha says there is no job crisis in the telecom sector, here's a reality checkAn HR head said 10,000-25,000 jobs were at risk. If those indirectly employed are also added, the number could rise to as much as 1 lakh.
- First on ET: RCom may shut its wireless business in next 30 days, employees put on notice periodThe 'creative destruction' of Jio was also a factor since it 'crippled' many players and eroded an industry that got its revenues from voic...
- What if your company shuts down? How employees can survive sudden layoffs without tearsSuddenly, a large number of people start chasing a limited number of jobs. This not only brings down your bargaining power but can also mea...
- 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...
- What changed your market while you were sleepingNifty50 futures on the Singapore Stock Exchange were trading 38 points higher at 9,683, indicating a positive opening for the domestic mark...
- 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.
- Telecom industry's cash deficit at Rs 1.2 lakh crore: Reliance CommunicationsWith annual interest payments, loan re-payment obligation, spectrum-related outgo and capex expected to add up to a Rs 1,62,000 crore tab.
- 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.
- Idea-Vodafone merger: Surplus telco talent to be redeployedRituparna Chakraborty, EVP & Co-founder, Teamlease, said, "The first principle of an M&A is to draw synergies and make the entity bottomlin...
- 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...
- Alcatel-Lucent may cut 1,000 jobs in India as deals dry upStruggling French telecom gearmaker Alcatel-Lucent will lay off 9% of its India workforce, as part of a global restructuring drive to cut c...
- Alarm bells clang at telecom towersVodafone Group reduced its sales forecast and Ericsson AB posted a 70% drop in profit as corporate and consumer spending slowed.
- Apple's latest opens a developer's playgroundApple opens its online App Store for iPhone software this week, which may be a far more important development than the iPhone 3G. In pics: ...
- RCOM opens ESOP kitty for 20,000 employeesRCOM announced an employee stock options (ESOP) scheme for all 20,000 employees of the company and its subsidiaries. Need funds? Dial relat...
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