Level 3 Communications

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
North and Lathin Amercia, Europe
Sector
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities
700 jobs
Number of planned job losses
Job loss
Announcement Date
30 August 2013
Employment effect (start)
Foreseen end date

Description

On 29 August 2013, Level 3 Communications announced its plans to make a total of 700 staff redundant worldwide in an attempt to cut costs.

Part of these redundancies will take place in the UK, where the company plans to reduce its staff by 60, corresponding to five per cent of its UK workforce. According to media reports, another 20 staff will be made redundant in the company’s European operations.

The internet network operator currently employs around 10,600 staff across its operations in North and Latin America and Europe.

Sources

  • 2 September 2013: The Register
  • 29 August 2013: The Denver Post
  • 30 August 2013: The Wall Street Journal

Citation

Eurofound (2013), Level 3 Communications, Internal restructuring in World, factsheet number 75814, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75814.