KPN to shed 750 additional wireline jobs

8 Oct 2004

Dutch incumbent Royal KPN is to cut a further 750 jobs at its wireline division to combat the continuing effects of poor sales and downward pressure on prices. The move is an extension to previous restructuring plans – the telco has already revealed plans to cut 800 fixed line staff – and will affect the group’s KPN Entercom Solutions unit, which commissions switches and alarm centres for its corporate clients. As a result of the decision, KPN is expected to incur a one-off charge of EUR25 million. 140 jobs will be cut immediately, with the remainder to go next year.

Netherlands, KPN