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General

France Telecom launches 'Chrysalid' cost-cutting programme

Thursday 17 November 2011 | 10:44 CET | News
France Telecom-Orange has followed Deutsche Telekom and Telefonica in announcing a multi-year cost reduction plan, which it has called Chrysalid, the pupa stage in the insect world, to represent a transition. DeTe's 'Save for Service' project aims to save EUR 4.2 billion between 2010-2012 and Telefonica announced in April that it would cut 20 percent of jobs in its efforts to save money. For its part, France Telecom-Orange plans no new layoffs, choosing instead to make savings in operating costs, mainly at its French operations. Group senior executive vice president Pierre Louette, told Les

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Categories: General
Companies: France Telecom / Orange
Countries: France / World
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