Satnav maker TomTom to cut jobs

Satellite navigation system maker TomTom is to cut 115 jobs because of the economic downturn, the Financieele Dagblad says on Thursday.

TomTom declined to say where the job cuts will fall and what savings they are expected to generate, the paper said.
More information will be made public at the presentation of its 2008 earnings on February 24.

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