Franco-Dutch Data network operator Equant is to cut 3000 jobs in the UK and France - from a total staff count of 13,300 - after completing its merger with Global One, a unit of France Telecom.
Company sources today confirmed the cuts to news agency Reuters following early reports by French publication Les Echos.
Reuters had earlier (mis)reported the newspaper as saying that some 10-13,000 staff would go, almost the entire workforce.
The cuts will come through a mixture of early retirements and redundancies during the months ahead, and have been mooted since last November, the source said.
However, a Les Echos report that the axe would fall mostly on the UK and France offices was not confirmed.
Equant has not yet commented on the reports. Last Thursday, the firm said the merger would result in total annual cost savings of $300m from 2003, of which $75m were in direct duplication savings.
The combined Equant and Global One, to be called Equant, will bolster its position as a world leader in internet protocol and corporate data communications. It will have a market share of around 10 per cent.
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