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KPN Koninklijke KPN NV

3.665
-0.016 (-0.43%)
29 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Koninklijke KPN NV TG:KPN Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.016 -0.43% 3.665 3.651 3.679 3.676 3.65 3.656 56,783 22:50:13

Statement re Fixed Division

22/01/2004 7:58am

UK Regulatory


RNS Number:5129U
Koninklijke KPN NV
22 January 2004

800 jobs to go at 
KPN's fixed division                                             Number  
                                                                 002pe
 
As a result of efficiency measures and the introduction of new technologies,
approximately 800 jobs will be lost from within KPN's fixed network services
division in 2004. The largest part of the reduction, approximately 500 jobs,
will be realised through natural wastage. The bundling of marketing and sales
activities at the head office results in some 300 compulsory redundancies.

KPN considers improvements in efficiency and effectiveness to be essential now
that the division's turnover is under continuing pressure due to the erosion of
prices, increased competition and an increase in the number of people who only
use a mobile phone. The works council and the unions have been consulted for
advice.

Provisions will be made with regard to the severance scheme in accordance with
KPN's social plan. Costs amounting to approximately EURO 20 million are expected
to fall in the first quarter of 2004.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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