February 12, 2016 / 3:44 PM / 2 years ago

BRIEF-Croatian leading telco HT lays off 220 people

ZAGREB, Feb 12 (Reuters) - Hrvatski Telekom :

* Croatia's biggest telecoms operator Hrvatski Telekom , which is 51 percent owned by Deutsche Telekom , announced on Friday that it will lay off 220 employees by March 31, 2016.

* Hrvatski said the job losses are part of an ongoing restructuring effort to secure further growth.

* An average severence payment per employee amounts to 230,000 kuna ($33,976) ($1 = 6.7695 kuna) (Reporting by Igor Ilic; Editing by David Goodman)

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