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ZTE slashes India employees by 30%

Chinese telecom equipment maker ZTE has reduced its workforce by almost 30 percent to 600 employees. The decision is due to increasing financial stress due to declining India business as telecom operators reduce their expenditure, according to various media reports.

 

 The Economic Times reports, citing an unnamed industry source. "Resources aligned by ZTE to manage Bharat Sanchar Nigam Limited (BSNL), Vodafone Idea and Bharti Airtel networks are now cut down to more than half due to financial pressure and falling business", the source said. 

 

ZTE India had more than 1,000 employees a year ago. Most job cuts were in the wake of Covid-19 outbreak that forced shutdowns, in the February-April period. The current workforce includes on-roll, contract, and outsourced manpower. 

 

According to the same source, up to 80 percent of ZTE India’s network teams working for Vodafone Idea, Bharti Airtel and BSNL projects were asked to leave since the lockdown started, and were given 2-month salary as part of the severance package.