Telecoms sector suffers large-scale job losses

More than 250,000 jobs have been lost in the global
telecommunications industry over the last three months according to research
from the Financial Times.

It shows that more than 293,000 jobs have been cut since the
start of the year, with most going in the last quarter.

The biggest telecoms job cuts have come from equipment
manufacturers in the US and Europe.

Some analysts are suggesting that the speed of the cuts
indicates a view that demand may not recover for years.

The report highlights
fears that if the number of job losses continues to increase consumer
confidence will fall leading to recession.

By Katie Hawkins

 

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