Tata Communications flags role cuts as part of restructuring, takes ₹44.78 crore charge

Mumbai: Tata Communications said it is restructuring its organisation with certain roles becoming redundant, and has recognised a one-time staff cost optimisation charge of ₹44.78 crore during the June quarter.

“As part of its initiative to enhance the long-term efficiency of the business, the Company is undertaking organisational changes to align its current and prospective business requirements in a phased manner,” it said in the financial results published Wednesday.

“These changes involves certain positions in the Company becoming redundant and accordingly, the Company has incurred a one-time charge with respect to staff cost optimization,” it said.