Feeds

PSINet Europe mulls jobs cull

Begins strategic review

  • alert
  • submit to reddit

The essential guide to IT transformation

Workers at PSINet Europe will have an anxious wait over the next eight weeks following the ISP's decision to begin a strategic review of the company.

PSINet Europe declined to speculate about job losses until after the review, but it seems likely that jobs will be lost as the company attempts to streamline its business following its purchase last month by ClearBlue Technologies and Israel Corporation.

PSINet Europe comprises37 separate companies and this number is set to be slashed to less than ten following the restructuring.

Other areas which could be targeted include the duplication of internal processes and the company's property portfolio.

PSINet Europe currently employs 520 staff.

Today, the company confirmed that eight staff in Switzerland had been made redundant.

In December 2001 PSINet axed 55 jobs in a bid to turn it into a profitable business. ®

Related Stories

EC greenlights PSINet Europe sale
PSINet Europe 'displaces' 55 jobs

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.