Companies cut back on business travel
A third of major British companies have cut back on overseas corporate travel, citing increasing concern about staff safety issues, in the wake of the 11 September World Trade Centre disaster.
Thirty-five percent of corporates admitted to cutting back on business trips abroad, in a survey by ACT Teleconferencing.
The study, which was carried out among a sample of companies in the FT Top 500, showed 59% of companies had implemented some form of safety precautions for employees who do have to travel overseas.
Of those questioned, 47% confirmed an increase in their overall use of telecommunications in response to the industry cut backs in travel.