PSINet Europe ‘displaces’ 55 jobs
That's 'axes' to you and me
PSINet Europe is to axe 34 jobs in the UK as part of Europe-wide cull from its network, hosting and customer operations.
In total 55 jobs in Europe will go, with cuts in The Netherlands and Germany, as the ISP centralises its support services in Switzerland.
Employees were told of the job losses on Friday.
However, it's possible that the to Switzerland could create more jobs in the future, although a spokeswoman for the company was unable to say how many and by when.
In a statement, PSINet Europe said: "The implementation of this strategy will cause the displacement of some positions from the Netherlands, UK and German locations to Switzerland.
Added Scott Arnell, President of PSINet Europe: "Like many technology companies, we are transforming our business to meet the current market realities."
PSINet Europe stresses that it is an entirely separate legal entity from PSINet Inc, which filed for Chapter 11 bankruptcy in June. It believes the job 'displacements' will help turn it into a profitable business. ®