Belgian telecoms group Telenet to reduce its workforce by 10 per cent
The Belgian telecoms and media group Telenet announced that it wants to reduce its workforce by 10 per cent by 2028. As Telenet currently employs 3,530 people in Belgium, around 350 jobs would disappear.
The staff reduction at Telenet will amongst others be achieved by hiring fewer consultants. Telenet currently employs 375 consultants. That number should be reduced by 65 per cent by 2028. The telecoms group is also launching a voluntary redundancy scheme “for people who no longer see their future at Telenet”. According to the company, no compulsory redundancies are planned at the moment.
The company is also tinkering with its retail network. There will be more focus on shops where both brands (Telenet and BASE) are present. Five such “dual brand” shops will be opened in the coming period. Six shops will close. Employees from the affected shops will be able to transfer to other shops. Nine people from the retail network will lose their jobs.
Telenet says the changes are necessary to enable “healthy, efficient and future-oriented” growth in the coming years. According to the company, the plans are “completely unrelated to the recent announcement about Telenet being incorporated into Ziggo Group”.
Last week, Telenet owner Liberty Global announced that Telenet, together with the Dutch VodafoneZiggo, will be merged into a new holding company, Ziggo Group, and listed on the Amsterdam stock exchange.
#FlandersNewsService | Telenet CEO John Porter during a press conference of Telenet Group © BELGA PHOTO DIRK WAEM
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