Anil Ambani owned Reliance Communications is going to sack as much as 6,000 employees by the end of this month to boost profits.

According to reports, the company has decided to outsource its call centre and shared services to reduce costs.

The company is set to sign deals worth Rs 700 crore with two third party providers to manage the services.

It is learned that almost 4500 of its call centre employees and 1500 of its shared services workers will exit the pay rolls of the company but they could retain their job by rolling over to the third party providers.

The company is set to save Rs 200 crore in the annual salary bill by outsourcing these works. These two departments are not adding much value to the company's profits. The total debt of the company stood at Rs 40,000 crore as on March 31, 2014.

A total of Rs 6100 crore was recently raised by the company through qualified institutional investment (QIP). The company is also planning to reduce its debts by Rs 20,000 crore by the end of financial year 2016.

The company is planning to achieve this objective by selling some of its prime real estate properties and other assets.

A source said that company could sell stake in its international undersea cable arm Global Cloud Exchange and hive off of its non-core DTH business, Big TV. It could also sell its stake in Reliance Infratel, its tower business.