Huge job loss to the extend of 30,000 is predicted by telecom experts, due to the merger and closure of telecom companies. A report in the ET Telecom is quoted below in this connection.
“BENGALURU/NEW DELHI: Job losses arising out of consolidation in the telecom sector are likely to extend over the next year, with a range of positions across categories likely to be affected, placement firms said. However, the prospects for those laid off are not entirely bleak: alternative jobs are available, although candidates may have to upgrade their skills and settle for lower salaries.
As Reliance Communications shuts the bulk of its wireless business and the Tata Group sells its mobile business to Bharti Airtel, the axe will fall on an average of 20,000 to 30,000 jobs over the next 12 months, according to estimates by the heads of firms including TeamLease Services, Manpower Group Services, ABC Consultants, Randstad India and Korn Ferry.
Those working in infrastructure and networking engineering, sales and distribution, telecom engineering, HR and finance, call centre and other support functions will be in trouble, experts said. “The sector is burdened with an enormous debt — close to Rs 8 lakh crore — and is operating under tremendous pressure after the entry of Reliance Jio with its free-to-dirt cheap-tariff offers,” said Rituparna Chakraborty, co-founder of TeamLease Services.”
Is Prime Minister Modi hearing? Leave alone implementing the assurance of 2 crore job every year, is the government at least ensuring that there is no job loss? Who is there to hear the miseries of the retrenched workers? The government is fully engrossed with granting subsidy after subsidy and capital flow for the corporates!