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Wireless Federation » archive for 'Job Cut'

Vodafone Ireland to axe 150 jobs

  • December 12th, 2008
  • 12:13 pm

Vodafone Ireland has said that 150 jobs are to be lost as the company slims down its operation due to global economic credit crunch. Vodafone told its staff that they are hoping to make the redundancies through a voluntary redundancy programme. The company is beginning a month-long consultation process with unions and employees. Presently, the operator has employed 1,500 staff.

Cable & Wireless plans to layoff 1,200 employees in Caribbean

  • December 11th, 2008
  • 8:00 am

The British incumbent plans a job cut of 1,200 workers in the Caribbean region in order to restructure its regional operations. Cable & Wireless PLC has reportedly said that layoffs at the newly renamed LIME operation will affect workers based in 13 islands. LIME spokesman Errol Miller says layoffs will be done with by September’09.
   

Sprint Nextel may axe more jobs (USA)

  • December 9th, 2008
  • 6:44 am

Sprint Nextel’s Chief Financial Officer, Robert Brust has revealed that the firm is deeming further job cuts, but no decision will be made until the company completes its operating plan for next year. “Everything’s on the table,” he said.
Sprint has cut 4000 jobs early in the year and in November proclaimed a round of voluntary buyouts. Once the company works through the buyouts, it will consider further steps, Brust added.

In the fourth quarter, Sprint is anticipated to lose 1 million subscribers. The firm is already working on the strategies to cope up with the economic slowdown. One of the best possible ways is Price cuts; however, don’t seem to be a serious option according to Brust.
Brust further said that he would prefer to stick with expanded marketing, better handsets and improved customer care to win back customers, because cutting prices puts the company in hole that’s tough to get out of. He wants the company’s cost structure to operate under the assumption that it is a $30 billion company, although he wasn’t targeting $30 billion in revenue as an eventual target.
Brust believes that company has to start acting leaner than it really is. He acknowledged, however, that network and other capital demands make this goal dubious.

12,000 jobs go at AT&T as economy slides (USA)

  • December 5th, 2008
  • 10:25 am

Telecom Giant, AT&T said, it will cut 12,000 jobs, or about 4% of its total work force. The company holds responsible to economic pressures and make an effort to create a “more streamlined organizational structure.”
AT&T said the first wave of reductions will take place this month and continue throughout the year ahead, with the majority of job losses expected to originate in its local and long-distance segments.

Regardless of Job cuts, AT&T is employing more than 7,000 people and growing other parts of businesses.

The company is also intending to trim its 2009 capital expenditures from 2008 levels.

Telecom Italia plans 4000 job cut and sale of assets (Italy)

  • December 3rd, 2008
  • 9:50 am

Telecom Italia intends to cut further 4,000 jobs in Italy and also sell of its non-core assets amounting to $3.82 billion in order to bring down the debt and slash costs. Company, according to its 2009-2011 business plan, aims to grow its presence in Brazil. The 2009-2011 aims at trimming costs and relies on growth largely from its Italian and Brazilian businesses. It will also expand in Argentina by raising its stake in Sofora.

   

Swedish Telecom firm shuts W.Pa. unit, plans 250 job cuts

  • November 24th, 2008
  • 7:22 am

Swedish telecommunications firm LM Ericsson is intending to shut its Pittsburgh-area operation by the end of next year and 250 job cuts is in the process. The company said, it has 70,000 employees in 175 countries and may try to relocate some of the employees from the Marshall Township operation about 15 miles north of the city. This operation will be “transitioned and integrated” into other Ericsson sites. Workers will get a “competitive severance package” including job placement assistance, firm added.

Debitel plans 1,000 job cut (Germany)

  • November 22nd, 2008
  • 6:00 am

With the integration of Debitel into Freenet, Debitel intends to cut 1,000 jobs. The job will be mostly cut at Debitel’s and Freenet’s head offices. Freenet is planning to focus on mobile internet and content services and is presently in negotiations with several parties to sell its DSL division.

   

Virgin Mobile slashes 45 jobs to reduce operating costs (USA)

  • November 18th, 2008
  • 7:56 am

Virgin Mobile plans a job cut of 45 employees, counting for a 10% of its workforce, in California and New Jersey, in order to reduce it’s operating costs.
According to the operator the job cut reflects the acquisition of Helio and outsourcing of its information technology functions to IBM Corp.
Virgin Mobile USA Chief Executive Dan Schulman said the company is “well positioned to weather these tough times and build our business in 2009.”
He additionally said that the prepay cell phones attract the cost-conscious consumers.
Virgin Mobile USA’s John Feehan, chief financial officer, has decided to retain his position, after he was slated to leave the company.

   

BT plans a job cut of 10,000 employees, terms the action as “decisive” (UK)

  • November 14th, 2008
  • 7:00 am

BT,  with a global workforce of 160,000, plans a job cut of nearly 10,000 employees by March’09 as it experiences a fall of 11% in pretax profits in H1′08.
The cuts will, reportedly, affect agency and contract staff and offshore workers, alongwith sub-contractors and other indirect employees.
Ian Livingston, chief executive of BT, terms its action as “decisive”. BT said the move was aimed at reducing its dependence on consultants and contractors. About 4,000 of the job losses will be direct BT staff, the remaining 6,000 will be from related employees.
BT admitted that its performance was “disappointing” and the results in its struggling Global Services division were “simply not good enough”, where EBITDA fell by 36%.

   

Telekom Austria plans job cut of 1,250 employees (Austria)

  • November 12th, 2008
  • 6:03 am

Telekom Austria in order to help cost cutting in it fixed line division plans to cut 1,250 jobs before 2009-end. The job cut being done on the civil servants can’t be let gone, for which Chief Executive Boris Nemsic plans a provision of EUR630 million representing the net present value of the estimated future personnel expenses tied to the cut jobs.
The provision will though impact the Q4′08 earnings and an annual net loss, but the job cut will have a positive outcome in it 2009 EBITDA.
Telekom Austria also announces its intention of cutting a total of 2,500 jobs in the fixed-line division before the end of 2011, includng the recent 250 departing jobs.