Maroc Telecom looks to cut costs

MOROCCO

|
Image: By BiztechAfrica
Maroc Telecom looks to cut costs

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE MOROCCO NEWS

Ministerial Forum on Science, Technology and Innovation in Africa underway

The 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 Africa

averda, 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 Academy

Through 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 Africa

IBM 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, infrastructure

The 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 week

The 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 Morocco

IBM 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 organisations

Kaspersky Lab has published details of the malicious NetTraveler Toolkit, which infected over 350 high-profile victims for data theft and surveillance. Read More

AfDB meetings close in Marrakech

The annual meetings of the African Development Bank Group have closed in Marrakech, Morocco, after five days of intense brainstorming on current African development issues. Read More

Shoppers donate $6.26m to entrepreneurs

Over 226,000 micro entrepreneurs will benefit from an online and in-store fundraising drive in the US. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing African focus on data security

Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.

IN DEPTH

Africa lags on digital migration Africa 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 NEWS

Schneider Electric off-grid, on-profit solutions to create social change in African rural communitie

Schneider Electric South Africa has set itself a target to create access to energy for 20,000 Africans by the end of this year. 

SAP accelerates shift to the Cloud with 41% revenue growth in third quarter

SAP has once again raised its revenue outlook, reporting broad market adoption of SAP HANA and its ‘Run Simple’ strategy validated.