The move, a result of subdued market demand, is aimed to optimise operational efficiency.

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Wednesday, 11 January 2017 11:57

ZTE cuts 3000 jobs globally

The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.

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The staff of the oil company were told that the office would be closed and they were facing ‘involuntary severance’.

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The company is apparently planning to cut 3,000 jobs as part of the cost cutting and manufacturing unit shut-down plan.

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The company will carry out an orderly ramp-down, chiefly in India, over the next few months.

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