Mobile phone operators to seek further layoffs

Two of the three main Czech telecommunications operators, Telefonica and Vodafone, will together layoff some 700 employees, according to Czech business website iHned. All three mobile phone network operators in the Czech Republic, which also includes T-Mobile, have faced worsening conditions and a long-term drop in profits. At the same time, the firms have been forced to invest billions of crowns in the next generation mobile phone network. According to the website, Vodafone, the third-largest operator on the Czech market, will let go around 11 percent of its 1,800 employees, continuing in lay-offs from last year. T-Mobile, which let go several hundred people in 2013, confirmed it would lay-off several dozen people this year.

Author: Chris Johnstone