Bharti Airtel may lay off 3,000
Thursday, 7th July 2011
Bharti Airtel is likely to announce merger of its DTH, Telemedia and Mobility Division, say reports.
Sunil Mittal, founder and CMD of Bharti Airtel is likely to make restructuring announcement today. The company may announce changes of over 3000 job positions.
The stock reacted positively and was at Rs 396.95, up Rs 13.55 or 3.53 per cent on the NSE. It touched a high of Rs 397.80 and low of Rs 383.55 in trade so far.
Publication : Times of India