Vodafone Idea Will Probably Lay Off Employees Among Other Measures to Cut Costs

Network integration has been a significant exercise for Vodafone Idea in the months following the merger of the two major telecom companies. In fact, network integration was one of the cornerstones of the alliance that happened three years back. However, now the tables have turned, and Vodafone Idea might be doing network integration in a different manner and out of entirely different reasons. The ailing telecom operator might now be looking forward to cutting costs in an aggressive manner. This means that in a lot of major and minor circles, the users of Vodafone Idea might be using the same network as Vodafone Idea Ltd seeks to merge some big and small circles. This report comes from ET, that also highlights that the employees of the company might also be affected as a result of this move.

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Network Integration of a Different Kind

In this exercise to cut costs, around 6 to 7 circles might be in jeopardy. Also, the redundancy of staff will be removed by laying off employees in large numbers. It is also worth noting that as we speak, Vodafone Idea is likely ideating on how many employees should be laid off. The total people working for the company right now are 11,000.

DoT and Vodafone Idea Clash on Estimates

The Department of Telecommunications (DoT) and Vodafone Idea have been on polar ends on the matter of Adjusted Gross Revenue (AGR) as the two have arrived on very different estimates about the total dues which VIL has to pay. While DoT estimates the total dues to be around Rs 53,000 crore, the Vodafone Idea’s estimate pegs this number to be around Rs 21,533 crore.