Huge retrenchment of employees due to Vodafone Idea merger.

Big corporate houses enter into mega mergers, with a view to maximise their profits. But, it is a bitter truth that employees become victims due to these mergers. This is once again proved in the recent Vodafone Idea merger. Recently, telecom giants, Vodafone and Idea entered into a mega merger. Thus, the merged entity, viz., Vodafone Idea has become the biggest telecom service provider in the country. It is reported that 10 billion dollars would be gained due to the synergies to be achieved due to this merger. However, the merger is not good so far as the employees are concerned. Media reports say that, 2,500 employees have become surplus in Vodafone Idea. Their future is hanging fire now.