450 leave T-HT in Q1

11 Jan 2012

Croatian full-service telecoms operator T-Hrvatski Telekom (T-HT, part of the Deutsche Telekom group) has begun a required consultation process to make 450 redundancies among its staff in the first quarter of 2012. The gross average cost of severance and other statutory obligations per employee is approximately HRK360,000 (USD61,000), a provision which was booked at the end of 2011, Telecompaper reports. The figures translate to an approximate total one-off redundancy cost of USD27.5 million.

Croatia, Hrvatski Telekom (HT)