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  • France Telecom says TPSA unit to cut 3,500 jobs in Poland next year

    12/30/2004 10:37:45 AM PST · by jb6 · 8 replies · 325+ views
    (AFX) ^ | Thursday December 30, 05:54 PM
    PARIS (AFX) - France Telecom (Paris: FR0000133308 - news) said its TPSA unit, in which it owns a 47.5 pct stake, will cut 3,500 jobs in Poland next year, out of a total of about 30,000. Another 500 jobs will be cut by employee retirements, a France Telecom official said, after the group informed labour unions of the job cuts on Monday. TPSA has been cutting jobs since France Telecom acquired its stake in 2000, when the operator had some 75,000 employees. About 6,000 jobs were cut at TPSA in 2004, France Telecom said