Business Services Industry

Comptel Corporation cuts 45 jobs in Finland

Nordic Business Report, Feb 9, 2009

NORDIC BUSINESS REPORT-9 February 2009-Comptel Corporation cuts 45 jobs in Finland(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish mediation software solutions company Comptel Corporation (OMX Helsinki:CTL1V) said on Monday (9 February) that personnel negotiations concerning Comptel Finland have been concluded.

As a result, the company has decided to make 45 people redundant on financial and production grounds.

Comptel Corporation's subsidiaries in Norway and United Kingdom have also taken actions for downsizing the amount of personnel, the company added.

Comptel provides Comptel Dynamic OSSTM solutions, enabling telecomms service providers to deliver services flexibly and charge for them effectively. Comptel has around 550 employees worldwide. In 2007, net sales were EUR82.4m and operating profit reached 20% of net sales.

One British pound (GBP) is worth approximately 1.14 euros (EUR).

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COPYRIGHT 2009 M2 Communications Ltd.
COPYRIGHT 2009 Gale, Cengage Learning

 

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