Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

247 jobs
Number of planned job losses
Job loss
Announcement Date
23 December 2003
Employment effect (start)
1 January 2004
Foreseen end date
1 January 2007

Description

During the next three years, 247 jobs will be shed worldwide at Xantic, owned by KPN and the Australian Telstra. Xantic provides telecommunication services by satellite and maritime softwares. This restructuring programme shoul help Xantic to be market leader. The number of jobs lost in the Netherlands is not known yet.


Sources

  • 23 December 2003: Het Financieele Dagblad

Citation

Eurofound (2003), Xantic, Internal restructuring in World, factsheet number 60161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60161.