Proximus says it will only make a “very limited number” of compulsory redundancies.
The Belgian telco has been running a voluntary redundancy programme that is expected to result in the loss of 1,300 employees. Despite protests from unions the operator got more volunteers than it was expecting.
The staff reductions are expected to be made by March.
It has reported fourth quarter results showing underlying revenue of €1.45 billion euros, a year-on-year fall of 1.6%, but consistent with forecasts.
The Proximus TV business continues to perform strongly with a market share of 37.4%. Its TV customer base grew by 22,000 in 2019, reaching 1,642,000 end 2019. However, as is the case with the majority of traditional telcos there remains pressure on fixed line services.
