ATH clears air on TFL redundancies

Telecom Fiji has this week effected the redundancy exercise which is part of its rescaling and structural rationalisation programme.
This has been part of the Amalgamated Telecommunications Holdings group initiative to ensure that its subsidiaries responds effectively and remain competitive in the current adverse global economic climate.
In doing this, the release said, the company is confident the company it will be better positioned for a stronger growth.
Consultations with employees on the future and direction of the company have been a regular activity over the years.
The management keeps the employees updated of the business results and work with employees on revenue generating initiatives and cost rescaling exercises to manage operational costs.
This has included effective utilization of existing resources, saving power etc and rationalizing OPEX and CAPEX spending.
Around 150 (including those retired at the age of 55) positions will be affected by the end of the restructure programme. This covers all levels and all departments and all divisions and will scale down the company to around 500 staff.
This is part of its targeted $4 million HR saving which equates to 20 per cent savings closer to industry benchmark.
Apart from this, the company is expected to save approximately 10 per cent to 12 per cent on HR related overhead like office space, administration and resources.
Staff exiting the company are paid serverance packages depending on the nature of their employment (contract or non contract) in accordance with the Employment Relations Promulgations.
Furthermore other operational overhead cost reduction like power and costs are targeted at $3.8 million in the coming year.
— SOUTH PACIFIC STOCK EXCHANGE