Telefonica Brasil to cut 1,000 jobs in fixed line overhaul: union

The Brazilian unit of Spain’s Telefonica said it was carrying out an “administrative reorganization to maintain competitiveness,” according to a press release. A company spokeswoman did not comment on the number of employees involved. A sharp sales slowdown in the wireless market and aggressive competition from broadband rivals have forced Brazil’s telecom leader to tighten its budget in order to maintain profitability.

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Telefonica Brasil to cut 1,000 jobs in fixed line overhaul: union