News: Potential job losses in telcos enormous

Employee Relations

Potential job losses in telcos enormous

There is a sense of uncertainty in the fast growing telecom sector, post the cancellation of 122 licences. HR experts are of the opinion that the potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations. Most of the companies whose 2G licences were cancelled are reducing their workforce at all levels with the exception that those at key strategic positions are being retained. The verdict has brought an abrupt halt to any hiring plans in the offing.

There is a sense of uncertainty in the fast growing telecom sector, post the cancellation of 122 licences. HR experts are of the opinion that the potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations. Most of the companies whose 2G licences were cancelled are reducing their workforce at all levels with the exception that those at key strategic positions are being retained. The verdict has brought an abrupt halt to any hiring plans in the offing.

However, hospitality, FMCG, financial services and banking would be resource grabbing industries for ideal surplus resources from sales and marketing, customer service areas. It is expected that once everything stabilizes, including options for overseas opportunities where there is huge demand for Indian telecom professionals, demand for the skilled and trained workforce should surge again.

Source: The Hindu Business Line

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Topics: Employee Relations, #Updates

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