Etisalat to cut 3% staff

Etisalat will cut about three percent of its staff, aiming to reduce costs as it faces greater competition in domestic markets.

The UAE market leader in the Gulf Arab country’s telecoms sector will cut at least 300 of 10,460 jobs, the National said, citing Etisalat officials.

In the UAE, Etisalat faces rising competition from telecoms provider du , the country’s second largest provider, with a market share of 37 percent at the end of August. Du’s third quarter profits more than doubled last month on strong revenue growth.

From: Arabian Business