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