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Telefonica Czech Republic as to Cut up to 10% of staff in 2013 - Reuters


Monday, 21 Jan 2013 03:29am EST 

Reuters reported that Telefonica Czech Republic as plans to cut up to 10% of its 5,862 staff this year (2013) as it adapts to a competitive market. The cuts will take place throughout the 2013 year and across the Company, the Company‚Äôs spokesman Mr. Hany Farghali said. The Czech unit of the Spain's Telefonica has struggled with lower revenue as the domestic consumer market weakens and prices pressures from competition grow. 

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