Fiji Time: 7:15 PM on Wednesday 29 June

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.

Westpac
Code Inward TTs Outward TTs
CAD 0.63220.6132
JPY 50.597447.5974
GBP 0.36260.3546
EUR 0.43850.4265
NZD 0.69540.6624
AUD 0.66050.6355
USD 0.48740.4704

from

$0.00

Exchange Rate updated on 29th June 2016

Today's Most Read Stories

  1. Home on a mission
  2. Monster fish halts traffic
  3. Nowhere to turn to
  4. Big dough for Radradra
  5. Parliament instability
  6. Rabuka has first meeting with executives
  7. Crusaders arrive for Super Rugby match
  8. Kane feels at home after Fijian reception
  9. 'Fiji's vaccine coverage higher than most countries'
  10. Fight against cyber crime

Top Stories this Week

  1. Hayne works on 'God's call' Friday (24 Jun)
  2. Early morning catch wows crowd at Labasa fish market Tuesday (28 Jun)
  3. Police confirm discovery at Natadola beach Friday (24 Jun)
  4. Resignation threat Saturday (25 Jun)
  5. Rabuka in Saturday (25 Jun)
  6. Body parts Tuesday (28 Jun)
  7. INTERPOL assists with Natadola gruesome discovery, missing couple Monday (27 Jun)
  8. 2016-2017 Budget: The major drivers of economic growth Thursday (23 Jun)
  9. Police probe body parts find Saturday (25 Jun)
  10. Strive for gold Friday (24 Jun)