du faces “some redundancies” in restructuring

UAE telecommunications operator du is likely to make “some redundancies” as part of a restructuring operation which will see some parts of the business outsourced, CEO Osman Sultan confirmed.
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The head of Dubai-based du, the Gulf state's second operator after Etisalat, refuted on-going market speculation of wide scale lay-offs, telling Arabian Business: “Restructuring is happening. We have not laid a quarter of our staff, that is for sure."
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Sultan added: "From time to time in an outsourcing process there might be some redundancies, but this is not like we are restructuring the company and laying off people for cutting costs.”
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Sultan also told Arabian Business that the company has no plans to move outside its domestic market this year.
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The company, which started operating in 2007 and retains about half of the mobile market share, has been pursuing an outsourcing programme since the beginning of the year in a bid to become more efficient.
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Read more: http://www.arabianbusiness.com/du-faces-some-redundancies-in-restructuring-488194.html