Bharti Airtel may terminate 2,000 jobs

Bharti Airtel may terminate 2,000 jobs

Bharti Airtel is moving towards a restructuring exercise that will merge three separate businesses, triggering a large-scale job cull for the first time in the services sector since the 2008 economic slowdown.

Under this exercise, Bharti Airtel plans to merge its mobile, satellite TV (DTH), and fixed-line and broadband telemedia business, which jointly account for about 90% of the company’s revenues and the vast majority of its workforce, into a single entity.

The merger, apparently aimed at cutting costs and boosting efficiency at the country’s biggest telecom operator at a time of falling profits, is expected to lead to big job losses, with estimates putting the number at more than 2,000.

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