BUSINESS BRIEFS

ST to axe 2,400 jobs this year

SLOVAK Telecom (ST) plans to axe 2,400 jobs by the end of this year through outsourcing transport, buildings administration and services, and collection of coins from public phones.

ST, owned by Deutsche Telekom, is aiming to employ 7,400 people by the end of 2003, down from 9,804 in 2002, 12,068 in 2001, and 13,518 in 2000, according to information released on May 2.

The company said the priorities of its human resources department for this year are to extend management to four levels, introduce a flexible system of employee benefits, and launch an intranet application for better administration of salaries.

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