Tele2 Austria axes jobs to cut costs

26 Jan 2009

Tele2 Austria is rumoured to be considering reducing its workforce by up to a quarter as it restructures to cut operating costs. A report from Die Presses says that around 100 employees are to be made redundant, though Tele2 has not yet commented on the rumours. Tele2 Austria called off its search for a buyer in August last year when it received no offers to match its EUR60 million minimum valuation.

Austria, Tele2 Austria