Orange Israel Cutting a Further 100 Jobs
Published on: 29th Oct 2012
Note -- this news article is more than a year old.
Israeli mobile network Partner Communications which trades under the Orange brandname is reported to be laying off an additional 100 staff as the struggling company copes with heavy competition in the local market.
The company has already cut its workforce by 2,000 staff in the past year.
Partner sent out notices for hearings to employees set to be made redundant. The company has also stopped hiring, and is not manning vacant positions.
Partner told Globes in response, "As stated before and as part of a continuous process, the company's workforce is being adjusted to its needs and changing reality."
The company has been slashing costs as profits come under pressure from an ongoing price war and tighter regulatory burdens. Earlier this year, Hutchison Whampoa walked away from a deal to buy back control of the company, leaving its indebted owners seeking a new buyer.
On the web: Globes