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Bouygues Telecom Announces 1,500 Job Losses

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France's Bouygues Telecom has announced that it is cutting just over 1,500 jobs in a cost cutting measure that it says is designed to "secure an independent future". That represents around 17 percent of the workforce.

The company said that it has been carrying out a review of its operations in light of the upheaval in the market following the ongoing price war between the mobile networks.

Following the review though, the company said that it will further the price war by " launching new, very aggressively-priced, technology-packed offers all year round". It also said, without going into specifics that it will continue to invest in the 4G rollout.

Also, without too many details, it said that 1,5156 staff are to be made redundant. Only customer facing roles, in shops and customer care will be unaffected by the redundancies.

In the statement, the company said that the new company structure will come into effect from 2015, implying that the redundancies will be completed by then.

It also reiterated its intention to remain an independent company, which could suggest that merger talks with Free Mobile are now off the table.

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Tags: bouygues telecom  France