Telefonica Czech Unit mulls up to 500 job cuts report.

By bne IntelliNews November 5, 2012
Telefonica Czech Republic, the country's biggest telecommunications company, plans to cut up to 500 job cuts, CTK newswire reported citing Euro weekly that quoted several independent sources. Most of the redundancies will affect marketing and managerial staff. Telefonica's spokesman Hany Farghali, however, told the weekly that the company does not plan to lay off more people this year after it cut 300 jobs in the spring. On the opposite, Telefonica is hiring new people for its its two largest client support centres in Ostrava and Usti nad Labem. Telefonica CR reported a 9.9% annual decline in first-half net profit to CZK 3.25bn due to lower revenue in the fixed-line and mobile businesses. The company is 69% owned by Spain's Telefonica SA, Europe's second-largest phone company.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Dismiss