SFR could cut jobs to offset losses from Free Mobile migrations

8 Mar 2012

France’s second largest cellular operator by subscribers SFR has said that it may need to cut up to 500 jobs to compensate for the impact of the launch of the country’s newest mobile network operator, Free Mobile, in January. A report from Bloomberg says that SFR’s parent company Vivendi is looking for ways to offset the projected drop in income as customers migrate to the new low-cost operator. The job losses are likely to affect marketing and administrative staff, the report suggests. Vivendi has said earnings could be down as much as EUR570 million (USD749 million) in 2012 as competition intensifies in the French wireless market.

France, SFR