Friday, 14 August 2009

M2 cuts People Telecom jobs – Australia

Chief Executive Officer of telecommunications company and MVNO M2, Vaughan Bowen, has revealed that job cuts have been made to People Telecom, the company it acquired in April 2009.

Approximately 15 to 20 percent of People Telecom’s staff were been made redundant, resulting in a cost reduction of about 25% according to Bowen.

Commenting on the redundancies Bowen was quoted as saying: "There were some redundancies where there were roles that overlapped with our business. Something in the order of 15 to 20 per cent of the People Telecom team was made redundant.”