0
General

Orange Kenya to shed 600 staff before Helios sale - report

Wednesday 18 November 2015 | 09:38 CET | News
About 600 Orange Kenya employees could lose their jobs before year-end as the French parent clears house before it sells its 70 percent stake to Helios, Business Daily reported. The newspaper could not confirm the number of jobs on the line but reported that people familiar with the matter said up to 600 out of the total of 1,623 workers may be asked to leave. It said the job cuts would be the subject of a board meeting on 18 November.

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?



Categories: General
Companies: France Telecom / Orange / Orange Kenya
Countries: Kenya
::: add a comment

Add comment

Please login or register to leave a 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

Orange Kenya staff shed in 2006 go to court over payment

Published 22 Mar 2016 10:45 CET | Kenya
More than 400 former Orange Kenya employees have accused three lawyers of withholding KES 1.3 billion awarded to them, Business ...

CA says Orange must clear KES 1.5 bln debt before being sold

Published 07 Mar 2016 11:29 CET | Kenya
Kenya's Communications Authority (CA) will block the sale of Orange Kenya to equity firm Helios Investment partners if a debt of ...

Treasury stake in Orange Kenya to rise by 10%

Published 01 Feb 2016 09:25 CET | Kenya
The Treasury is set to buy another 10 percent in Orange Kenya under the terms of the French parent's sale of its shares in the ...

Kenya to raise stake in Orange Kenya

Published 10 Dec 2015 09:04 CET | Kenya
Kenya plans to buy back 12 million shares, equivalent to 10 percent in Orange Kenya, raising its total shareholding to 40 ...

CA says not aware of Orange Kenya sale

Published 24 Nov 2015 09:35 CET | Kenya
The Communication Authority said it had not received any formal communication from Orange about the pending sale of a 70 percent ...

Kenya parliament may not review Orange stake sale to Helios

Published 16 Nov 2015 11:58 CET | Kenya
Orange deal France Telecom's intended sale of a 70 percent stake in Orange Kenya to Helios has been termed a private transaction, ...

CA insists Orange Kenya sale is subject to debt clearance

Published 12 Nov 2015 08:43 CET | Kenya
The Communications Authority of Kenya (CA) has threatened to scuttle the sale of French company Orange's 70 percent stake in ...

Orange sells stake in Kenyan unit to Helios Investment

Published 10 Nov 2015 08:15 CET | Kenya
The Orange Group announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70 ...





Calendar   /   Industry Events

26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct Android Dev Summit
28 Oct Millicom Q3 2021
28 Oct CyrusOne Q3
28 Oct Telefonica Brasil Q3
28 Oct Rovio Q3 2021
28 Oct MTN Nigeria Q3 2021
28 Oct STMicroelectronics Q3
28 Oct Comcast Q3
28 Oct Nokia Q3 2021
28 Oct Telenor Q3 2021
28 Oct Swisscom Q3 2021
28 Oct American Tower Corporation Q3
28 Oct Poly fiscal Q2
28 Oct HKBN FY results
28 Oct Amazon Q3
28 Oct Samsung Electronics Q3 2021
28 Oct CoreSite Q3 2021
28 Oct Airtel Africa Q3 2021
28 Oct Veon Q3 2021
28 Oct Apple fiscal Q3
28 Oct Telenet Q3 2021
28 Oct Cellnex Q3 2021
28 Oct Berec stakeholders forum
28 Oct Facebook Connect
29 Oct Proximus Q3 2021
29 Oct Tecnotree Q3 results
29 Oct Charter Communications Q3
29 Oct Shaw Communications fiscal Q3
29 Oct NEC fiscal Q2
29 Oct Shentel Q3 2021
29 Oct Hrvatski Telekom Q3 2021
::: More Calendar Items