Maroc Telecom looks to cut costs
MOROCCO| July 13, 2012, 8:06 a.m.
Maroc Telecom, part of troubled Vivendi Group, is looking to cut costs and improve margins through a voluntary redundancy programme.
The telco is reported to be seeking to cut around 11% of its workforce – or up to 2000 jobs – in line with its parent company’s attempts to streamline operations and boost flagging profits.
Recently, the Chairman and Chief Executive of Vivendi, Jean-Bernard Lévy, stepped down after a disagreement with the company’s board.
Another telecoms subsidiary, France’s SFR, said it planned to cut costs by USD552 million this year and another USD500 million next year.
MORE MOROCCO NEWS
Microsoft drives local innovation in North AfricaAt this year’s Global Entrepreneurship Summit (GES) in Morocco, Microsoft has signed a new strategic alliance with Tunisian startup Saphon Energy and introduced the first round of 50 women entrepreneurs to go through its Cloud Startup Academy. Read More
Morocco to host fifth annual Global Entrepreneurship SummitOver 3000 entrepreneurs, Heads of state, government officials, global entrepreneurs, SMEs and corporate leaders are expected to attend the fifth annual Global Entrepreneurship Summit in Marrakech. Read More
Ministerial Forum on Science, Technology and Innovation in Africa underwayThe Second Ministerial Forum on Science, Technology and Innovation (STI) in Africa is underway at the Hassan II Academy of Science and Technology in Rabat, Morocco, to discuss boosting science and technology in Africa. Read More
averda looks to clean more cities in Africaaverda, a global provider of innovative integrated waste management services, has showcased its new equipment dedicated to serve Casablanca. Read More
Microsoft, AFEM and INWI launch Cloud Startup AcademyThrough a new Cloud Startup Academy, Microsoft, AFEM and INWI will help 50 young Moroccan women create their own Cloud-based startups. Read More
IBM fuels innovation and entrepreneurship in AfricaIBM is further expanding its operations across Africa with the opening of two new IBM Innovation Centers in Lagos, Nigeria and Casablanca, Morocco. Read More
IDC: Moroccan ICT market driven by banking, telecoms, infrastructureThe Moroccan IT services market is set to expand at a compound annual growth rate (CAGR) of 10.3% over the coming years to total $472.37 million in 2017, says IDC. Read More
AFPIF 2013 underway next weekThe Africa Peering and Interconnection Forum (AfPIF) will be staged on 3 - 5 September at the Sheraton Casablanca Hotel & Towers, Casablanca, Morocco. Read More
New IBM Global Delivery Center for MoroccoIBM has announced a new Global Delivery Center in Casablanca that will create up to 400 ICT roles in Morocco over the next three years. Read More
‘Operation NetTraveler’ targets Government organisationsKaspersky Lab has published details of the malicious NetTraveler Toolkit, which infected over 350 high-profile victims for data theft and surveillance. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSLeading through volatility in Africa
For the businesses that are prepared to face the storm and manage the volatility afflicting the continent, there are still huge rewards to be had from doing business ...