Monday, April 10, 2017

Job Cut: RCom layoff 380 employees may sack another 260 people

Reliance Communications sacked 380 employees for below-par performance and may be it will sack 260 more people soon. RCom under its performance management system has asked around 380 people to leave the company for non-performance. It may sack another 260 people for the same reason.

Also read: Job Cut: Practo Technologies sacks 150 employees

RCom had reported its first ever consolidated net loss of Rs. 531 crores in the December quarter.

The merger of SSTL with RCom is expected to be complete by the end of this month. RCom is believed to have paid second instalment of Rs. 396 crores spectrum purchased and interconnection usage charge of around Rs. 25 crores, among others.

According to report In the merger process, the liability spectrum instalments of SSTL have come on to RCom. The company cleared IUC payment to a telecom operator after gap of around 2 months. The rest of the payments were as per schedule.



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