Croatian operator T-Hrvatski Telekom to cut 450 jobs in first quarter

Croatian operator T-Hrvatski Telekom has started the consultation processes required to make redundant 450 staff during the first quarter.

The average cost of severance and other statutory obligations per employee is approximately HRK 360,000 gross, a provision which was booked at the end of the 2011 financial year.

T-HT also announced it will continue to further invest in service development, infrastructure and business processes in 2012.

Source: Telecom Paper