Hrvatski Telekom to Cut 160 Jobs Due to Weak Local Telecoms Market
Published on: 25th Aug 2014
Note -- this news article is more than a year old.
Croatia's Hrvatski Telekom has announced that it is making around 160 staff redundant as part of a cost cutting exercise. The announcement comes just after the firm agreed to transfer 640 staff to Ericsson as part of a managed services contract.
Redundancy procedures have been initiated in line with the Labor Act and the Collective Agreement and will be conducted in the course of September and October.
Hrvatski Telekom said that it is conducting company transformation in order to set up the basis for future growth and expansion of operations under conditions of the long-term economic crisis and continued deterioration of the Croatian telecommunications market.
Therefore, in the course of 2014 many actions were taken to increase operational efficiency; for instance, to make the organization more agile and more efficient, the organizational structure was streamlined and managerial positions were cut by 31 percent
Workers designated as surplus will be offered the option to enter a selection process for job positions where employees are needed, which pertains primarily to the Contact Center.