Maroc Telecom seeks to cut workforce by 11%

12 Jul 2012

Maroc Telecom has asked for voluntary redundancies as it looks to cut its number of employees by at least 11%, according to Reuters. The telco hopes that by reducing the size of its workforce it will generate annual savings worth MAD300 million (USD33 million) and boost margins. The move comes as part of a broader strategy by parent company Vivendi to cut costs at its subsidiaries. Earlier this month another Vivendi-owned telecoms company, SFR in France, revealed plans to cut costs to the tune of EUR450 million (USD552 million) in 2012 and by a further EUR500 million in 2013.

Morocco,Maroc Telecom (IAM), Vivendi,

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