Colt axes 800 jobs

Struggling European telecoms group Colt Telecom is axing another 800 jobs across Europe in an effort to fight the economic downturn, it said today.

Colt axes 800 jobs
Fri, 27 Sep, 2002 - 10:37

Struggling European telecoms group Colt Telecom is axing another 800 jobs across Europe in an effort to fight the economic downturn, it said today.

The London-based group hopes to save up to £40m (€40.9) a year through the restructuring, which follows the construction of its European voice and data network.

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