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Educomp Solutions Ltd Starts Cost Optimisation; Cuts 3,500 Jobs-The Times Of India

Friday, 16 Aug 2013 07:47am EDT 

The Times Of India reported that Educomp Solutions Ltd said it has cut 3,500 jobs in the last three months and has also initiated measures to spur growth. The plan entails modifications in structure, systems and sales strategies to return the firm to profitability in the current and following fiscal. Within this transformational plan, a series of tactical steps have been identified to fast-track the correction. The Company is targeting a reduction in operational costs of close to 20% over the last fiscal due to these measures. 

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