Hutchison Drei Austria Announces Job Cuts Amidst Decreasing Profits
Telecommunications giant Hutchison Drei Austria has announced job cuts, with over 5 percent of its workforce, around 90 employees, facing potential termination. The company's profit and revenue have both decreased in 2024, prompting the move.
The company, which employs over 1,600 staff, has confirmed the reduction in positions. The works council is involved in planning a social plan for the affected employees. While 90 terminations are expected, the number could still decrease, according to local reports.
Drei's spokesperson has attributed the job cuts to the need for investment in innovation, service improvement, and network expansion. The mobile operator aims to achieve these cuts primarily through natural attrition, voluntary retirement, and voluntary departures.
Hutchison Drei Austria's profit and revenue have both decreased in 2024, leading to the announcement of job cuts. The company plans to invest the savings in innovation and network expansion. The final number of terminations may still change, with the works council involved in the social plan for affected employees.
