Telecoms group Telenet to reduce workforce by 10 per cent
The Belgian telecoms and media group Telenet has announced that it intends 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 will be achieved by hiring fewer consultants. The company currently employs 375 consultants. That number should be reduced by 65 per cent by 2028. The 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 changing its retail network. There will be more focus on shops where both its brands, Telenet and BASE, are present. Five “dual brand” shops will be opened. Six shops will close and employees from the affected shops will be able to transfer to other sites. Nine people from the retail network will lose their jobs.
Telenet says the changes are necessary to enable “healthy, efficient and future-oriented” growth. 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, with the Dutch VodafoneZiggo, would 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 © BELGA PHOTO DIRK WAEM
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