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.