Threat of job losses at Wave
Friday 13th November 2009, 11:30AM GMT.
Bob Lawrence, chief executive of Jersey Telecom, the parent company of Wave Telecom, which has 34 staff in Guernsey. (Picture by David Ferguson, 00831726)
JOBS could go at Wave Telecom as its parent company cuts staff by more than a quarter.
A total of 115 jobs will be lost at Jersey Telecom, across both islands.
The group employs around 400 staff – 34 of whom work in the Guernsey office.
Wave Telecom managing director Tim Ringsdore said the firm was concerned for local jobs.
‘Although most of the anticipated job losses will be in Jersey, the group cannot rule out some reductions in Guernsey,’ he said.
The cuts are being made as part of a ‘business transformation programme’ to save the Jersey States-owned company £7m. over the next year.
Up to 80 staff will be made redundant across the business.
This is on top of 35 people who signed up for voluntary redundancy.
Any further posts will not be filled.
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