Photo: NZ Herald2degrees is to lay off 120 staff as part of a wider cost-cutting drive to offset the decline in revenue brought on by the Covid-19 crisis. The country's third mobile company said it is working through a range of initiatives to strip out costs and plans to cut its 1200-strong workforce by a tenth. "We are already seeing revenue impacts, and like all businesses, are in an unprecedented situation with uncertainty on how long it will last." The New Zealand carrier had 479,000 post-paid and 980,000 pre-paid mobile customers at December 31, and 108,000 broadband customers. Aue said the decision to cut costs aimed to avoid more dramatic changes in the future.

Source: Otago Daily Times April 14, 2020 05:26 UTC