Mistral axes 20 in shake-up
Offices to shut too
Posted in Financial News, 3rd October 2005 15:09 GMT
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Brighton-based ISP Mistral Internet is closing two offices in Basingstoke and Cambridge with the loss of around 20 jobs.
The job cuts and office closures follow a review of the business after the recent acquisitions of Basingstoke-based Netkonect and Cambridge-based Drakken.
A handful of other jobs also look likely to be cut as part of the restructuring.
"Where possible, the company will provide opportunities for internal transfer with relocation allowances to those staff affected in an effort to minimise any mandatory redundancies," said Mistral in a statement.
The company - which also has offices in Cardiff, Southampton and London - currently employs around 130 people. ®
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