SEAnews SEA Research, BLK 758 Yishun Street 72 #09-444 Singapore 760758
India Front Line Report
SEAnews Issue:monthly
2017-11-14 ArtNo.46123
◆Telecom executives rush to exit sector as companies eye consolidation

【Mumbai】All new handsets may not have a panic button yet, but hundreds of telecom executives are already making distressed calls to exit an industry where huge pressure on profits and revenues amid a brutal price war has triggered consolidation drive.
 Recruiters say there is 35-40% on year increase in the number of resumes coming in from employees in the telecom sector, and several of these executives are willing to take a significant salary cut even as many telcos are heading for shutdowns and mergers.
 Premier search firm Heidrick & Struggles said more than 15 CXO and top management officials, drawing salaries of between Rs 1.5-3.5 crore, have reached out to the firm for placement. “The market right now is such that there aren’t enough opportunities for them in the telecom sector. So, more than 90% of the job seekers are looking at other sectors such as retail, ecommerce, transport, logistics and FMCG. Some are moving at the same salaries; others are open to taking a cut,” said Vikram Chhachhi, principal, global consumer markets, at Heidrick & Struggles.

【News source】

Telecom executives rush to exit sector as companies eye consolidation

One world:

AD-SEAnews, New concept of SEAnews, aims to realize borderless one world.

◆Recruitment of Ad-SEAnews Canvassers

Your Comments / Unsubscribe

SEAnews Twitter

SEAnews Messenger



SEAnews eBookstore

SEAnews eBookstore(GoogleJ)

SEAnews world circulation

[Your Comments / Unsubscribe]/[您的意见/退订]/[ご意見/配信停止]
Please do not directly reply to the e-mail address which is used for delivering the newsletter.
SEAnews 掲載記事の無断転載を禁じます。すべての内容は日本の著作権法並びに国際条約により保護されています。
Copyright 2003 SEAnews® All rights reserved. No reproduction or republication without written permission.