Telecoms network upgrades could cost 300,000 jobs in Europe over the next five years as wireless and wireline carriers move to more efficient technologies and look to reduce their workforces by 30%.
According to the UNI Europa ICTS union, which represents telecoms workers across the European Union, within a decade the sector will see its workforce halved. According to a Bloomberg report, some of these losses will come from operators moving jobs outside the EU, often to areas with lower labor costs and fewer employment law restrictions. But many will result from a move to networks that require less labor.
Chosen excerpts by Job Market Monitor
via Telcos could halve Europe workforce in a decade – Rethink Wireless.
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