Job cuts are on the cards at Azzurri Communications with the managed services provider in consultation with ten staff at its Aldridge office.
The staff are in the audit department of Azzurri, sources claim. One well-placed source told Mobile: ‘Ten staff in the auditing department at Aldridge have been told their jobs are at risk. They are now in a consultation period.’
Sources claim the cuts are part of a rolling programme of redundancies, in preparation for a sale of the company.
Azzurri Communications CEO Vim Vithaldas, who revealed earlier this week he is to leave the company in July, confirmed that the company is in consultation with staff about possible job cuts but denied the move is part of a wider strategy to cut staff numbers, and refuted claims that Azzurri is set to be sold. Vithaldas said: ‘We are going through a consultation process. We are addressing the skill-sets that the business needs going forward and assessing the suitability of the workforce going forward. It is not about downsizing. It is about making sure we have the right skill-sets for the market.’
Vithaldas confirmed ten jobs are at risk at Aldridge, adding that the audit team was ‘one of the teams being consulted.’ Referring to claims that the redundancies are part of a strategy to prepare the business for sale, Vithaldas said: ‘That could not be further from the truth. We have just undergone a successful refinancing and we have set ambitious targets for growth over the next three years and begun a £3m investment programme. Does that sound like a business that is having problems?’
Azzurri cut a new financing deal in October with the consortium of banks which own the company. The deal saw Azzurri’s debts cut from £103m to £25m and a £3m investment secured into its cloud-based telecoms services.