Fiji Time: 5:17 PM on Saturday 10 October

Fiji Times Logo

/ Front page / News

Restructure important for growth

Nanise Loanakadavu
Saturday, January 25, 2014

THE restructure to be carried out within one of the largest telecom service providers in Fiji is expected to result in the scaling down of the company's workforce to about 500 staff members.

Telecom Fiji has this week effected a redundancy exercise which is part of its cost rescaling and structural rationalisation program.

This is part of the Amalgamated Telecom Holdings (ATH) initiative to ensure its subsidiaries (TFL) respond effectively and remain competitive in the current adverse global economic climate.

In an statement issued yesterday, ATH stated that in doing this, it was confident the company would be better positioned for stronger growth.

It says consultations with employees on the future and direction of the company are a regular activity over the years wherein management keeps the employees updated of the business results, work with employees on revenue-generating initiatives and cost rescaling exercises to manage operational costs.

The statement further explains this includes effective utilisation of existing resources, saving power and rationalising OPEX and CAPEX spending.

"Around 150 (including those retired at the age of 55) positions will be affected by the end of this restructure program," the statement said.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.61820.5992
JPY 57.502354.5023
GBP 0.30880.3008
EUR 0.42110.4091
NZD 0.71840.6854
AUD 0.65730.6323
USD 0.47680.4598



Exchange Rate updated on 9th October 2015

Today's Most Read Stories

  1. Konrote for President
  2. Tough walk
  3. Sand dunes training for the national 7s squad members
  4. 'Move Fiji forward'
  5. Police boss refutes radio claim
  6. Stand tall, proud
  7. Call to be 'relevant'
  8. Fiji Day celebrations focus on children, youths
  9. Elderly not forgotten on Independence Day
  10. Clustered farming way forward

Top Stories this Week

  1. Rugby outcry Monday (05 Oct)
  2. Fisherman has whale of a day Tuesday (06 Oct)
  3. Family robbed, fear for lives Monday (05 Oct)
  4. Mum upset Wednesday (07 Oct)
  5. The murders and tragedies of Vatuwaqa Tuesday (06 Oct)
  6. Death classified as unnatural Thursday (08 Oct)
  7. Sex offenders top list, taxpayers foot $15,660 per day Tuesday (06 Oct)
  8. FRCA duo sent home Wednesday (07 Oct)
  9. Ganilau a nominee Thursday (08 Oct)
  10. Fiji thrash Uruguay 47-15 Wednesday (07 Oct)