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UPC eliminates regional management tier

UPC Broadband is eliminating a management tier in the Central and Eastern Europe, the company told MTI.

UPC will eliminate, from March 31, its regional management for Central and Eastern Europe. Afterward, UPC Broadband chairman Gene Musselman will oversee country management directly. Musselman is also acting temporarily as UPC Magyarország CEO starting Wednesday.

UPC will lay off 12%-13% staff as a result of the move. Country management will not be affected, UPC Magyarország press director László Szűcs told MTI. (MTI – Econews)