Showing posts with label job loss at RCOM. Show all posts
Showing posts with label job loss at RCOM. Show all posts

Wednesday, 13 June 2018

Headcount at RCom down 94% to 3,400 from peak of 52,000 in 2008-12

Rcom

Debt-ridden Reliance Communications on Wednesday said that the total number of jobs at the company have been reduced by about 94 per cent to 3,400 at present, from a peak level of 52,000. "Total number of people in the RCOM group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 per cent," RCom said in a BSE filing on Wednesday. 

The company is estimated to be at peak in around 2008-10. RCom, which is reeling under debt of around Rs 450 billion, closed its mobile services business in January this year and continues to provide business-to-business (B2B) telecom services.