Redundancies hit beleagured Breathe
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Posted in Business, 5th January 2001 11:52 GMT
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The joint administrators of not-so-bloody-trendy-now-are-you ISP Breathe.com has made a number of compulsory redundancies at the company's offices in London and Warrington.
It's not known how many people lost their jobs immediately after returning from their Christmas break. An update is due later today but we won't hold our breath. The redundancies were effective as of 3 January.
Joint administrator Mike Horrocks, of PricewaterhouseCoopers (PwC) - who issued the termination letters - was not available for comment.
The PR agency acting on behalf of PwC was aware of the job losses but did not know how many people were served with compulsory redundancy notices.
However, The Register understands that only a handful of staff are still there to run what's left of the ISP.
The job losses are designed to cut overheads so that the ISP can operate within its existing resources.
An all-you-can-eat-for-£50 ISP, Breathe called in the administrators in December with reported debts of £50 million.
It's still hoped the company can find a buyer. ®
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