The second French operator announces a new savings plan. The stores have seen their footfall drop by a third during the crisis, and 400 jobs will be cut there on the basis of voluntary departures. 1,300 other job cuts are planned in other parts of the company, or 1,700 in total, which represents 20% of the workforce.
Management explains wanting to save on salaries to invest in new equipment. “Our challenges are clear: to be the best in 5G in France. As such, we have very significant investments, more than 3 billion euros per year, (…) therefore SFR must reorganize itself.”, Explains Grégory Rabuel, CEO of the company. The operator promises to recruit 1,000 young graduates over the next two years. A strategy that the unions denounce: this is the third social plan in less than 10 years. However, SFR saw its turnover increase last year despite the crisis.
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