Slovak Telecom staff down, profits up

Fixed-line monopoly Slovak Telecom in 2001 made a pre-tax profit of Sk4.5 billion, a Sk3.7 billion rise on the year before. The firm laid off 1,450 of 12,068 employees, with compensation packages ranging from 7 to 17 months’ wages.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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