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One tenth of telecom tower workforce may lose jobs

Admin| Apr 23, 2017 - 11:51 PM

One tenth of telecom tower workforce may lose jobs

About 10% of the 60,000 -plus people employed in telecom tower companies could lose jobs over the next year as rapid consolidation among telecom service providers hurts tenancies and revenue at the infrastructure firms.

Recruitment heads and industry executives whom ET spoke to said those in sales and marketing and corporate offices are on shaky ground in this part of the telecom industry. The consolidation in fact has forced recruiters to sharply reduce their hiring for the segment by up to 50......

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Xiaomi aims to create 20,000 jobs in India

Admin| Mar 28, 2017 - 01:04 AM

Xiaomi aims to create 20,000 jobs in India

Chinese technology major Xiaomi’s founder Lei Jun on Monday said India was one of the important markets for the company and it aims to create 20,000 jobs in the next three years. Speaking at the Economic Times Global Business Summit 2017, Lei said that the company has made major strides in a very short time.

Lei also spoke about China’s “Internet Plus” policy which “the Chinese premier started in 2015”. “Internet plus action plan is a new form......

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Top deck rejig at Samsung Mobiles to counter Chinese competition

Admin| Mar 25, 2017 - 12:56 AM

Top deck rejig at Samsung Mobiles to counter Chinese competition

KOLKATA: Samsung has rejigged roles of senior executives for its mobile phone business to effectively counter Chinese competition as the country’s largest handset maker faces the threat of losing market share, latest data from Counterpoint Research showed.

The Korean electronics giant has promoted Mohandeep Singh as senior vice-­president for the mobile phone business where he has become in­charge of sales and retail marketing responsible for all major operations for the busi......

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Aircel goes for big jobcut, 700 to get pinks slips now

Admin| Feb 16, 2017 - 10:48 PM

Aircel goes for big jobcut, 700 to get pinks slips now

KOLKATA: Cellular services major Aircel is all set to give pink slips to 700 staff ­ around 10% of its pan ­India staff strength ­ in its first stage of manpower downsizing amid a huge wave of consolidation that is going to engulf India’s telecommunication sector. Aircel has around 8,000 employees in India.

The Wednesday shocker to the Aircel employees is probably the first of the many such announcements awaiting India’s telecom sector, feel experts. A source close ......

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Multi billion dollar telecom mergers could see 25,000 pink slips and counting

Admin| Feb 15, 2017 - 11:05 PM

Multi billion dollar telecom mergers could see 25,000 pink slips and counting

MUMBAI: The 45­ year­ old telecom executive believed he was set for life. He would easily be able to fund his son’s dream of studying music abroad, for instance. But all that’s changed over the past few months. He, like many others in the telecom industry, are faced with the prospect of losing their jobs.

Call it the price of the biggest wave of consolidation in the telecom sector after it was thrown open to non­state companies in 1995. Experts and executives vary o......

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Balesh Sharma to replace Naveen Chopra as Vodafone India COO

Admin| Feb 08, 2017 - 12:19 AM

Balesh Sharma to replace Naveen Chopra as Vodafone India COO

NEW DELHI|MUMBAI: Vodafone Group is replacing its India Chief Operating Officer Naveen Chopra with Balesh Sharma, currently head of the Czech Republic, as part of major organisational changes to better tackle competitive pressures triggered by the entry of Reliance Jio Infocomm.

Sharma will take over from Chopra from April 1, a company spokesperson confirmed to ET. The COO since 2015, Chopra’s next role is yet to be announced. India’s no. 2 telco is further streamlining its str......

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Idea Cellular, Vodafone officials ask employees not to panic

Admin| Feb 02, 2017 - 01:04 AM

Idea Cellular, Vodafone officials ask employees not to panic

MUMBAI: On Monday, while Idea Cellular was preparing to launch a spectrum of its digital apps, one of its employees got to know that Vodafone had indeed confirmed merger talks with the Aditya Birla owned ­company.

He, however, decided not to discuss what he had heard. “I am new in my role – what if I lose my job?” said the 33 year­ old employee who works as a middle manager with Idea Cellular. But he perhaps voiced the anxiety of the 30,000­ plus employee......

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Telecom sector to create around 20 lakh jobs this year: Report

Admin| Jan 22, 2017 - 09:57 PM

Telecom sector to create around 20 lakh jobs this year: Report

The telecom sector is expected to create two million jobs this year, thanks to increased data penetration and entry of new service providers, says a report.

The entry of new service providers, the government's initiatives like 'Make in India' and thrust on mobile economy will also add to the buoyancy in the sector, it said.

While the overall hiring will see a boost, the verticals that will drive the manpower requirement are handset makers (1.76 million) followed by the service providers (0.37 mil......

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Telecom sector to create around 20 lakh jobs this year

Admin| Jan 19, 2017 - 01:18 AM

Telecom sector to create around 20 lakh jobs this year

The telecom sector is expected to create two million jobs this year, thanks to increased data penetration and entry of new service providers, says a report.

The entry of new service providers, the government's initiatives like 'Make in India' and thrust on mobile economy will also add to the buoyancy in the sector, it said.

While the overall hiring will see a boost, the verticals that will drive the manpower requirement are handset makers (1.76 million) followed by the service providers (0.37 mil......

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Telecom hiring dips on cash crunch, Jio entry

Admin| Dec 16, 2016 - 10:46 PM

Telecom hiring dips on cash crunch, Jio entry

Hiring in India’s telecom industry has slumped by up to 40% in 2016 as carriers cut back on recruitments to conserve cash in the midst of a brutal price war unleashed by Reliance Jio Infocomm’s entry. Operators and recruiters say the sector will continue to be cautious on adding to the staff count over the next six months to a year to tide over severe financial stress.

The fall in hiring is complemented by a sharp drop in attrition as telcos optimally utilise existing staff for the......

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