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.
Royal KPN NV accelerated its restructuring efforts Friday, unveiling 110 job losses at the support unit KPN Services, which provides administrative and human resources facilities with 873 employees.
This restructuring will likely be finalized in 2005. KPN spokesman Bram Oudshoorn confirmed the KPN Services move, but said that KPN is hopeful that it will find other suitable jobs for the majority of the laid-off employees.
Sources
8 October 2004: Dow Jones Nieuwsdienst
8 October 2004: Total Telecom
Citation
Eurofound (2004), KPN Services, Internal restructuring in Netherlands, factsheet number 60663, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60663.
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