HomeNewsBusinessVodafone, Idea shed a third of their workforce post-merger: report

Vodafone, Idea shed a third of their workforce post-merger: report

When the merger was announced in March last year, the combined workforce of the two operators was 25,000

September 05, 2018 / 12:31 IST
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Vodafone Idea (Image: Reuters)
Vodafone Idea (Image: Reuters)

Moneycontrol News

Vodafone and Idea Cellular, which merged to become Vodafone Idea, have laid off close to 8,000 employees, or one-third of their workforce, in 17 months leading up to this union, Business Standard reported.

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When the merger was announced in March last year, the combined workforce of the two operators was 25,000. Annual reports show that Idea Cellular had 11,784 permanent staff and Vodafone India employed 13,187 at the end of March last year.

Sources told the paper that the newly merged entity Vodafone Idea has around 17,000 employees. It is unclear how many employees from both firms have been retained by the new company.