Telefonica's Czech Unit to Cut 10% of Workforce This Year
Telefonica Czech Republic AS (SPTT), the country’s largest phone company, plans to reduce its workforce 10 percent this year to lower costs.
The details of the plan are still being worked out, the Prague-based unit of Spain’s Telefonica SA (TEF) said in an e-mailed statement today.
Telefonica cut its workforce 7.5% last year to 5,862 at the end of December.
To contact the reporter on this story: Lenka Ponikelska in Prague at email@example.com
To contact the editor responsible for this story: James M. Gomez at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.