The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70.22 - Business and other management consultancy activities
580 jobs Number of planned job losses
Announcement Date
10 November 2014
Employment effect (start)
1 December 2014
Foreseen end date
1 January 2016
Description
On 10 December 2014 telecommunications group KPN announced that it will cut 580 jobs in its business division. This division employs 7000 employees. The total number of people employed at KPN in the Netherlands is 14,329. KPN has been continuously restructuring for a number of years, and has cut 4,650 jobs since 2011. On 04 February 2014 it announced its plan to cut a further 1,500-2,000 jobs by the end of 2016 in order to cut costs by approximately 300 million euro. In 2013, KPN invested 1.25 billion euro in the 4G internet frequency and due to financial difficulties announced that it would cut 5000 jobs by the end of this year to finance the purchase.
Sources
11 December 2014: De Volkskrant
11 December 2014: Het Financieele Dagblad
1 December 2014: telegraaf.nl
4 February 2014: nrc.nl
Citation
Eurofound (2014), KPN, Internal restructuring in Netherlands, factsheet number 77994, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77994.
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