Tata Communications has incurred a financial liability of about Rs 67 crore after undertaking certain organisational changes for better alignment of the company’s current and prospective business requirements. The changes involved about 300 positions in the group across various functions and locations globally becoming redundant.
The information regarding organisational change and resultant financial liability have been disclosed in the preliminary offer document of its indirect subsidiary Tata Communications (Netherlands) BV for raising debt.
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
