PropertyEU

Colonia cuts 20% of staff

By A staff reporter 2008-12-22T00:00:00

German listed Colonia Real Estate has said it is laying off 20% of its staff and restructuring its operations and external consulting expenses to save at least EUR 9.5 mln annually. Colonia said the measures focus on four areas: consolidation of non-operating subsidiaries, cut back by diversification, separation or restructuring ...

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