Type
Offshoring/Delocalisation
Country
Germany
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
New offshoring locations

300 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
21 July 2004
Employment effect (start)
21 July 2004
Foreseen end date
31 December 2005

Description

Britain-based telecommunications services provider Colt Telecom has decided to transfer some 300 jobs from Germany to India by the end of 2005. The German subsidiary of Colt Telecom, based in Frankfurt, will shift these jobs to New Delhi. Colt has also decided to lay off 100 workers by the end of this year to trim spiralling expenses. A large part of the retrenched workers will move to associate companies and will have an opportunity to undergo retraining.


Sources

  • 21 July 2004: Colt - Press release
  • 22 July 2004: Süddeutsche Zeitung

Citation

Eurofound (2004), Colt Telecom, Offshoring/Delocalisation in Germany, factsheet number 60549, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60549.