KPN will implement 350 million euros in cutbacks over the next three years to accelerate its transition from telephone company to a modern telecom company, the company announced on its investors' day. Whether any jobs will be lost is not yet clear, ANP reports.
One of the cuts the company will make is in labor costs. But that can not be directly translated in a concrete number of full-time jobs being lost, because it also involves the hiring of external staff, a KPN spokesperson said to the news wire. KPN currently employs around 12,600 people full-time.