India | Telecom | Enormous Potential Job Losses

The potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations and many of the affected entities have started trimming their workforce, according to HR experts.

“Most of the companies whose 2G licences were cancelled are reducing their workforce. This is happening at all levels Only people at key strategic positions are being retained…,” HR firm TeamLease Services General Manager (Services) Madhubala Vaidyanathan said.

The Supreme Court in February cancelled as many as 122 licences for 2G spectrum, a move that has resulted in uncertainty in the fast-growing telecom sector.

“Potential job loss is quite enormous as the telecom industry was supposed to have provided thousands of jobs which would have done good for the economy,” Vaidyanathan said.

Executive search firm GlobalHunt’s Director Sunil Goel said that there could be potential job losses by looking at local market scenario for the telecom space…

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