KPN to cut 2,000 jobs

Telecoms group KPN is to cut an additional 2,000 jobs between now and 2010, it emerged at the presentation of the company’s full-year earnings on Tuesday, reports news agency ANP.

KPN says the job losses will save some €110m a year. In addition, the number of contract staff will be slashed by 1,300, adding a further €130m a year to the savings. The jobs will mainly go in the ‘old technologies’, CEO Ad Scheepbouwer said.
Group turnover rose slightly to €12.6bn last year while net profit hit €2.65bn, boosted by a €1.2bn book profit on the sale of E-Plus in Germany.
Scheepbouwer also said that the company is not involved in any merger talks at the moment, saying it has its hands full with the integration of Getronics, taken over last year.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation