Aircel warns 5k employees to brace for 'difficult' times

Aircel

Photo Courtesy: Internet

India's smallest mobile operator Aircel is moving towards calling bankruptcy amid competition in the sector, the company has warned a minimum of 5,000 employees to brace for "difficult" times in the wake of "serious funding issues", as per the media reports.

Aircel's Chief Executive Officer (CEO) Kaizad Heerjee, in an email sent to employees this week, said the company is under severe pressure as it has received "no funding for some time and has been dependent on cash generation" from existing business operations. 

(With agency inputs)

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