Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Information / Communication
Computer Programming, Consultancy And Related Activities
Computer Programming, Consultancy And Related Activities
62.01 - Computer programming activities

200 jobs
Number of planned job losses
Job loss
Announcement Date
19 December 2012
Employment effect (start)
Foreseen end date

Description

Telecoms and technology group Colt has announced that it is to cut more than 200 jobs. The restructuring is part of a larger business restructuring plan, where the company aims to focus on areas of growth, e.g. data centres.

The company blamed the bad economic situation in Europe for its move.


Sources

  • 19 December 2012: Financial Times
  • 19 December 2012: The Independent

Citation

Eurofound (2012), Colt, Internal restructuring in United Kingdom, factsheet number 74754, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74754.