Feeds

Mega French operator SFR prepares to slash another €500m in costs

Heads will roll with Catbert in charge...

Secure remote control for conventional and virtual desktops

French operator SFR plans to cut costs by at least €500m (£398.5m) next year, according to union sources, and that's in addition to the €450m in cuts already in process.

SFR isn't the only French operator who'll be shedding staff next year, Reuters reports that Bouygues will be laying off 556 people from its telecoms unit as the price war triggered by the launch of Free Mobile starts to bite. SFR has apparently lost 3 per cent of its customers to Free, while Bouygues is predicting a profit drop of more than 10 per cent thanks to the newly competitive conditions.

SFR is owned by Vivendi, whose CEO Jean-Bernard Lévy was in direct charge of SFR until he was ousted earlier this week. He appointed ex-Vodafone chap Michel Combes to run SFR, but the Wall Street Journal reckons he's no longer in the picture and and SFR is now being run by Vivendi's Director of Human Resources Catbert Stéphane Roussel.

Put HR in charge and the results are predictable. The announcement won't be until November but the company has confirmed there will be big cuts in 2013 and various news sources are quoting staff who've been told to expect €500m in cuts next year, which means a lot less staff.

Vodafone will be chuffed though: the UK-based operator sold its 44 per cent stake in SFR last year, giving Vivendi full control of SFR, along with responsibility for the current situation. ®

Build a business case: developing custom apps

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?