April 10, 2017 / 5:15 AM / 4 months ago

BUZZ-India's Reliance Communications falls on report of job cuts

** Reliance Communications Ltd falls as much as 4.1 pct in its biggest intraday pct drop since March 8

** Co laid off more than 600 roles, Economic Times reported on Saturday, citing people familiar with the matter bit.ly/2oVs9g0

** The job cuts will help co integrate workforce when it merges with Aircel and MTS, co officials not wanting to be named told the newspaper

** Reliance Communications declined to comment on the matter, when contacted by Reuters

** Reliance said in September it would combine its wireless business with smaller rival Aircel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below