Ericsson deal nears end: RCom to take back 4,000 staff

RCom will re-absorb the employees who had been sent to Ericsson, sources confirmed

Around 4,000 employees of Reliance Communications (RCom), who were transferred to the Swedish gear maker Ericsson in 2013 for managing the wireline and wireless network of the Anil Ambani company, are headed back home.  Ericsson and RCom have been in a managed services contract for four years, but now the two companies have decided to end the pact over non-payment of dues to the Stockholm-based equipment major.  

As per the agreement, the employees will return to RCom after the termination of the contract. With the addition of 4,000 employees, the RCom staff strength is estimated to rise to 9,500.