Sunday, 20 February 2011

Kuwait telco Zain to cut 40 pct of staff - CEO | Reuters

Telecoms operator Zain (ZAIN.KW) plans to cut 40 percent of its staff and reorganize its senior management structure, its chief executive said on Sunday.

Nabil Bin Salama said the reductions would only apply to the parent group and not to its subsidiaries.

"My strategy is to restructure and decrease the number in the Group as much as possible in order to receive the preferred benefits," he said at press conference.

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