RAILCOM PLANS TO CUT WORKFORCE BY 7,000

China Railway Communications, the mainland's smallest telecom carrier, wants to reduce its workforce to below 62,000 by the end of the year. It now has 69,000 employees. The mainland's Telecom World quoted China Railcom vice-chairman Qiao Jinzhou as saying trimming the headcount was part of the company's ongoing restructuring to improve efficiency. China Railcom said its revenue reached 5.73 billion yuan (about HK$5.37 billion) last year, representing a 35.5 per cent year-on-year growth. It is aiming to maintain a 30 per cent revenue growth this year