Just In
- 12 hrs ago The Google Pixel 8a Has Leaked in All Four Gorgeous Colors - Check Them Out!
- 12 hrs ago WhatsApp is Testing Meta AI Chatbot for Some Beta Users in India: How to use it!
- 12 hrs ago Vivo’s Next Phone Is Reportedly Dubbed the X100 Ultra and It Will Be a Professional Camera That Can Make Calls
- 13 hrs ago Realme P1 5G Early Bird Offer Revealed Ahead of April 15 Launch; Features, Price in India
Don't Miss
- Sports IPL 2024: Punjab Kings Coach Sanjay Bangar Explains Why Jitesh Sharma Didn't Captain in Shikhar Dhawan's Absence Against Rajasthan Royals
- Lifestyle Happy Bengali New Year 2024 Wishes: Poila Baisakh Greetings, Messages, Images, Twitter, And Instagram Status
- Finance Chaos In Middle East Rises, Israel-Iran In Intense Riff-Off; Travel Advisory To Indians, Tourists, Others
- News PM Modi, Tamil Nadu CM MK Stalin Condemn Attack, Wish Good Health To Andhra Pradesh CM Jagan Mohan Reddy
- Movies Will Yeh Rishta Kya Kehlata Hai Go OFF Air After 15 Years? Rajan Shahi's Statement Goes Viral
- Automobiles The Leading Superbikes: Engineering Mastery Meets Track Speed
- Education Discover the Top Medical Universities Abroad for Your Future Success
- Travel Hanuman Jayanti 2024: Visit Anjanadri Hill, the birthplace of Lord Hanuman near Hampi, Karnataka
Aircel plans to cut 700 Jobs
The entire exercise is being aimed at reducing duplication of human resources with the possible merger with Reliance Communications (RCom)
Ahead of the proposed merger with Anil Ambani- led Reliance Communication, Aircel is planning to to give pink slips to 10 per cent (700)of staff across in the country.
Currently, Aircel has 8000 employees.
"This would be the first lot of people who have been given around a week's time since last Friday to agree with the company's compensation package, which includes full month's salary in February and basic pay of the following six months," a source close to the development in Aircel told TOI.
Jio has 23% market share: Truecaller
According to a source, the entire exercise is being aimed at reducing duplication of human resources with the possible merger with Reliance Communications (RCom).
However, Aircel said that, "The referred news report is speculative and misleading. We would like to emphasize that amidst all that is happening in the sector, our focus is to build a profitable company, keeping the best interest of our customers and people."
Last year in September, Reliance Communications announced its with Aircel. The deal is worth Rs 65,000 crore ($9.7 billion) wherein the shareholders of both will look to create a merged entity with both companies holding a 50 per cent stake each.
RCOM is also in process of getting approvals for merging the MTS brand under it.
Click Here for New Android Smartphones Best Online Deals
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
3,999
-
2,500
-
3,599
-
8,893
-
13,999
-
32,999
-
9,990
-
14,999
-
12,999
-
12,999