(MENAFN) Embattled French telecoms firm Bouygues Telecom plans to cut 20 percent jobs to be able to survive in the struggling sector, according to Oman Observer.
The company said in a statement that it plans to cut as much as 1.516 jobs from 9.000 as part of a restructuring plan that aims to ensure "its future in an autonomous manner."
Like other mobile phone operators, Bouygues has struggled since 2012 when Free " the brainchild of tech tycoon Xavier Niel " entered the telecoms market with low-price services.
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