0
IT

Indra confirms job cuts, unveils new strategic plan

Wednesday 8 July 2015 | 09:51 CET | News
Interactive webinar: Vodafone Ziggo deep dive. What is the strategy for the coming years? Where does it stand in relation to its competitors? Join us on January 21st 14:00 CET for a professional profile of VodafoneZiggo in 45 minutes. Register here ...
Spanish ICT services provider Indra has confirmed plans to cut 1,850 jobs. The mass redundancies are part of a new strategic plan aimed at turning around losses at the group, simplifying the company structure and improving its processes. Indra has already implemented cost reductions in other areas, including a cut in management pay. In total it targets EUR 180-200 million in cost savings, also through measures such as cutting production costs and reducing project cost over-runs and optimising its delivery model. Indra also announced EUR 260 million in one-time costs for failed or

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Indra
Countries: Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Indra wins EUR 6.9 mln Chilean rail communications contract

Published 06 Jun 2016 14:53 CET | Chile
Spanish tech company Indra has been awarded a EUR 6.9 million contract to upgrade the communications network used by Chilean rail ...

Indra to cut Spanish workforce by up to 1,500 - report

Published 29 Jun 2015 15:29 CET | Spain
Spanish tech group Indra is finalising plans to cut its domestic workforce by up to 7 percent, representing around 1,500 jobs, ...





Calendar   /   Industry Events

19 Jan Netflix Q4 2020
19 Jan Telefonica Germany Strategy Update
21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
::: More Calendar Items