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Wateen today fires at a number of employees, outsourced its entire call centre and shutdown business centres across country, officially confirmed by Wateen.
Wateen is reportedly facing tough time for its WiMAX division, amid tough business environment and sluggish growth that has impacted company’s margins and made it hard for the company to keep the WiMAX operations running.
Sources have told that Wateen is set to give WiMAX business a last try (through restructuring) and outsourcing major part of business) to make it progitable or to eventually shut down in near future.
Reportedly, Wateen will outsource its whole call centre to TGR, which is claims to have arranged better packages for employees, while Wateen’s eight business centers across the country are going to get closed immediately.
In an email to all employees today, Mr. Naeem Zamindar, CEO Wateen Telecom, said:
“Every business comes with its share of challenges. Whilst we are sad that many of our esteemed colleagues will no longer be with us, the current restructuring will enable us to align our cost structure, to ensure business sustainability and success.
I am confident that by working together in a positive and energetic manner, we will succeed in achieving our vision of transforming the lives of every Pakistani. Wateen has come a long way since its rebirth and the company has seen much progress in the past year.
While WiMAX continues to be a challenge for all operators across the industry, Wateen’s other business lines have shown considerable improvement. The company’s LDI business has grown from number eight second largest players in the industry and the enterprise connectivity and solutions business is prospering.”