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4/22/11

Dutch Telecommunication giant KPN cutting 5,000 local jobs

The former state-owned company Dutch Telecom group KPN announced it will cut its workforce in the Netherlands by 25% - up to 5,000 jobs.

The job losses are part of a plan to take the company up to 2015 and involve contracting out and ‘off-shoring’ back office jobs.

New KPN CEO Eelco Blok said in a statement the measures are necessary because of ‘negative trends’ in the Netherlands. ‘I’m confident that we are taking all necessary measures to strengthen and grow our businesses,’Blok said. KPN also said it now expects operating profit from mobile telephony to reach at least €5.3bn this year.


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