Mobile phone company Digicel seeks to shed jobs
Tuesday, January 13, 2009
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KINGSTON, Jamaica — Caribbean mobile phone company Digicel is reducing its work force after years of blistering growth.
The company founded by Irish entrepreneur Denis O'Brien has announced a "voluntary" separation program aimed at reducing staff in 23 markets.
Workers who leave will be eligible for health care coverage, bonuses and accelerated payments for stock options under the plan, depending on years of service.
Digicel said Tuesday it expects about 10 percent of 4,500 eligible employees will take the offer.
The company operates in 31 markets, mostly in the Caribbean and Central America.
The separation program doesn't cover newly launched operations in the British Virgin Islands, Honduras, Panama and the South Pacific.
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