Franco-Dutch network operator Equant has confirmed plans reported by vnunet.com in July that it will cut 3000 jobs in the UK and France.
The cuts represent around 20 per cent of the firm's total staff count of 13,300.
Half of the cuts will be made by the end of the year and will come through a mixture of early retirement and redundancies.
The cuts will cost £34.6m ($50m) but are expected to result in annual savings of around £69.2m ($100m).
Previously, Equant has said that its merger with Global One, completed in June, would result in annual cost savings of £207m ($300m) within three years.
Didier Delepine, president and chief executive at Equant, said: "Decisions such as these, while difficult, are nonetheless essential for Equant to maintain and strengthen its leadership position in the corporate data market."
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