Tag Archives: Telefonica Brasil

Telefonica to cut 1,500 jobs in Brazil

Telecoms, , , , ,

Telefonica has reached an agreement with workers unions in Sao Paulo and Rio de Janeiro states and is launching a voluntary layoff programme.

The measure follows the merger of Telefonica’s fixed and mobile operations, the WSJ reports, citing a statement by the Sao Paulo state telecom workers union (Sintetel). According to Sintetel, Telefonica wanted a broader reduction in force, but the unions were able to negotiate it down to 1,500.

The union did now disclose how many job cuts were originally sought. The job cuts are equivalent to about 8 percent of the operator’s total workforce of 18,885 as of December 2011. Employees can sign up for a voluntary redundancy program between 12 and 14 March, the union said.

Telefonica Brasil Reports Steady Rise in Revenues and Profits

Telecoms, , , ,

Telefonica Brasil has reported that its third-quarter revenues rose to R$8.26 billion from R$7.91 billion a year ago, and that its net profit rose to R$1.33 billion from R$1.25 billion a year ago.

The total customer base was up by 13.4 percent to 82.4 million at the end of September, 67 million of which in the mobile segment (+16.2% y-o-y) and 15.3 million in the land-line segment (+2.9% y-o-y);

The mobile broadband customer base grew by 44.8% y-o-y, with a 49.2% market share of net additions. Mobile Data and VAS revenues has accelerated its annual growth, reaching 43.2% in 3Q11.

See the Telefonica Brasil record in Latin Target.

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