Difficult economic situation caused redundancies at Azercell

Azercell CEO Vahid Mursaliyev sent a letter to all staff regarding a tough decision which the company management had to make in order to cut costs due to difficult macroeconomic situation. “Unfortunately, the situation on the market directly impacts the activity of our company. We have to optimize our business in the current situation. Since August 2015 the company's management has been facing the necessity of employee costs cutting and staff reductions. But while reducing the company costs we always tried to avoid reducing the number of employees. Another devaluation occurred at the end of 2015, leading to further deterioration of the overall economic situation, and thus the loss of financial stability has led us to the decision to reduce the number of positions in the company by about 8%, which will result in lay-off of 60 people from the staff. All of them will be offered worthy compensation. Face to face meetings are currently taking place with those employees whose positions have been made redundant. I am very upset in sharing these news with you, but unfortunately, we have no other choice. The company should continue to operate in the current market conditions, as well as to be able to make investments in business development and stay competitive. I express my deep gratitude to all of our employees. I am confident that through the joint efforts we can overcome all challenges and by improving our own performance and increasing the company productivity we will be able to expand our team again.”- said in his letter Vahid Mursaliyev, CEO of Azercell Telecom LLC.

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Azercell Telecom LLC was founded in 1996 and since the first years sustains a leading position in the market. Azercell introduced number of technological innovations in Azerbaijan: GSM technology, advance payment mobile services, M2M,MobilBank, GPRS/EDGE (mobile internet), 24/7 Customer Care, full-time operating Azercell Express offices, mobile e-service “ASAN imza” (ASAN signature) and others. With 48,2% share of Azerbaijan’s mobile market Azercell’s network covers 99,8% of the country’s population. In 2013, the number of Azercell’s subscribers reached 4,5 million people. In 2011 Azercell deployed 3G and in 2012 the fourth generation network – LTE in Azerbaijan. The Company is the leader of Azerbaijan’s mobile communication industry and the biggest investor in the non-oil sector. Azercell is a part of TeliaSonera Group of Companies serving 186 million subscribers in 17 countries worldwide with 27,000 employees.