[Reuters] Kuwaiti mobile operator Mobile Telecommunications Co (ZAIN.KW) (Zain) will cut its 15,500 workforce by about 2,000 staff through to 2011 to cut costs and boost its margin, the firm said on Monday.
Many of the 2,000 would continue working for Zain as outsourced contractors, a company spokesman added.
Kuwait's biggest mobile operator, which has been spending billions to expand to 23 countries in the Middle East and Africa, said job cuts were part of a revamp that includes outsourcing work, adding that the cuts will affect all units.
"Zain operations in Iraq, Jordan, Kenya, Kuwait, Malawi and Sierra Leone have already begun the process," Zain said in a statement. The measures would improve its operating margin by 5 percent within 12 months, it said without elaborating.
Kuwait's Zain plans 2,000 job cuts to 2011
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