Orange/Wanadoo Merger to Cost 2,000 Jobs
Up to 2,000 Orange UK workers could lose their jobs in a major shake-up announced yesterday by parent company France Telecom.
As part of what France Telecom calls its NExT (New Experience in Telecoms) strategy, Orange UK is becoming a mobile and broadband service and absorbing France Telecom's British broadband service, Wanadoo UK.
According to the company's press release, the specific details of the merger will be worked out over the next few months but the intention is for the new Orange to be "lean and agile", with a lower cost base. This means that 15 per cent of jobs, or between 1,800 and 2,000 people, are to go.
Orange UK claims the job cuts will take place in the form of "redeployment, natural attrition, non-renewal of temporary short term contracts and, as a last resort, some redundancies".
The new Orange UK now has a single executive team, headed by former executive vice president Bernard Ghillebaert, with former Wanadoo chief executive Eric Abensur as his vice president responsible for broadband.
Wanadoo is one of the UK's largest ISPs.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Avicii, DJ-Producer Who Performed Around the World, Dies
- Deutsche Bank's Bad News Gets Worse With $35 Billion Flub
- Wells Fargo's $1 Billion Pact Gives U.S. Power to Fire Managers
- Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
- The U.K. Just Went 55 Hours Without Using Coal for the First Time in History