TOT reworks management divisions
Merger with CAT looms in January
State telecom enterprise TOT plans to cut almost one-third of its 83 divisions and reduce its existing senior executive vice-president (SEVP) positions from 14 to nine as part of its restructuring in preparation for a merger with CAT Telecom early next year.
The restructuring, which also includes a 15% cost reduction, is due to start in October.
The merger of the state telecom enterprises into National Telecom (NT) is scheduled to be completed in January 2021. The date was postponed from July this year bec…
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