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France / SFR telecom may cut 1,100 jobs

SFR, the French mobile-telephone unit of media and telecom group Vivendi SA , may cut 1,100 jobs as market conditions grew more difficult for the company after telecom firm Iliad ILIAF +2.62% launched a low-cost mobile-telephone service this year, newspaper Les Echos reports Monday citing a labor union official.

The company, which is due to present a job-cut plan to labor unions Wednesday, will also announce the creation of 300 new jobs, the newspaper said, quoting Vanessa Jereb, from UNSA union…

Choosen excerpts by Job Market Monitor from

via Vivendi’s SFR telecom unit may cut 1,100 jobs – MarketWatch.

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