The idea, Vodafone Merger Can Result in 25,000 Un-Employed Managers. Yes! You heard it right. Idea and Vodafone have announced merger to combat RJio telecommunication giant, Who recently gained more than 1 Billion customers in few months. The merger of Idea and Vodafone across the country, as we see large numbers of services are getting retired in upcoming months from these both companies.
Those who are associated with both companies believe that the merger of both companies can cut multiple jobs in the telecom sector, in which there are 3 million people are employed in the telecom industry. But during the next 18 months, the process of merger of the telecom industry is a sword hanging over the jobs of 10,000 to 25,000 people.
— Reliance Jio (@reliancejio) February 16, 2017
Reliance Mobile World Live at affordable rates and offers free internet in the entire nations brought sensation in the telecom industry. Telecom giant Airtel, holding the largest share of annual earnings which comes from mobile internet services and messaging services or voice service. Re-Entry of Reliance Jio’s Free 4G service is giving tough challenge to Airtel and other mobile companies in the market and forcibly resulting in Two big companies like Idea Cellular and Vodafone India merge.
Annual revenues of the telecom industry in India is 1 lakh 30 thousand crores. The largest part of the spending around Rs 35,000 crore, which is spent on managers and staff. Afterward, this type of merger will bring the major cut of jobs in the both companies and can result from frustration as well.
With JioFi, now every phone is a 4G phone. Enjoy unlimited data, voice calling, Jio apps free until 31st March, 2017. pic.twitter.com/jNhBmwjlZM
— Reliance Jio (@reliancejio) February 1, 2017
The telecom giant Airtel has 19,000 number of employees and Idea have 17,000 and 13,000 Vodafone employees. While the rest of the industry holds 8,000 employees likewise in Aircel, Reliance Communications and Tata Teleservices 7,500 to 5,500.