Source | https://economictimes.indiatimes.com : By Devina Sengupta
MUMBAI: Aircel’s 5,000-odd employees are headed to job market already clogged with former employees of telcos that have either pulled down shutters or are going through merger, with their employers telling them to brace for “more difficult times ahead”.
Executive search firms, which already have received several resumes from Aircel employees, expect the number to shoot up post Aircel’s warning letter to its team members early this week.
“Where will they go? The market is already choking with former employees of other telcos,” said A Ramachandran, partner at search firm Ema Partners. “Operators are mostly on a hiring freeze, so there are very few spots where we can place a fresh batch of job seekers,” he said.
The Mumbai-based headhunter said Aircel employees who have reached out to him have raised concerns on whether their salaries will come in time, keeping in mind the Maxis-owned company’s funding troubles. Till now, Ema has received resumes of senior management in finance and business teams, who want to exit the sector, Ramachandran said.
It’s not easy to find jobs in a sector that has lost more than one-fourth of its workforce, or over 75,000 employees, in the last one year as operators, tower firms and vendors have gone on a consolidation spree to stay afloat amid cut-throat competition triggered by Reliance Jio Infocomm’s entry in September 2016.