Idea-Vodafone merger may lead to 5,000 lay-offs: Report
The merger of telecom operators Idea Cellular and Vodafone India could result in the loss of at least 5,000 jobs, according to a report. The companies, which together employ about 21,000 people, are looking to cut costs, eliminate duplication and improve efficiency, reports added. Notably, the telcos have received all required clearances except from Telecom Department for the merger.