Telco Trim

April 07, 2009 (LBO) – Sri Lanka's top celco, Dialog Telekom says it had offered a voluntary retirement scheme to employees as part of a broader cost-cutting exercise, but the total costs were not known as yet. Dialog Telekom, a unit of Telekom Malaysia, as well as other operators have had revenues and profits hit by a raging price war.

The costs of the scheme would be published with the next quarterly statement, the firm said in a stock exchange filing.

Responding to a media report which said the firm was looking to shed 1,500 staff, Dialog said the firm has not "published or specified" a target and costs would depend on the number of employees accepting the scheme

The scheme was applicable to all employees in the executive and management grades, the company said.