EMCC European Monitoring Centre on Change

KPN

Company/Organisation:
KPN

Geographic Location

Country: Netherlands

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications

Employment Effects

Announcement Date: 01-03-2005
Planned Job Reductions min: 8000
Planned Job Reductions max: 8000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

Dutch telecommunications company Royal KPN NV will cut some 8,000 jobs between 2005 and 2009, the company said on 1 March 2005. The company will cut between 1,500 and 1,750 jobs per year. The job cuts are expected to lead to annual cost cut of €850 million ($1.1 billion) from 2010. KPN estimated the annual costs cut for the period 2005-2007 at €150 million ($198 million) and for the period 2008-2009 at €200 million ($264 million).

Sources:

01-03-2005NRC Handelsblad
01-03-2005De Telegraaf