Dutch telecom KPN to cut 1,500 jobs, 5 percent of staff, after weak fourth quarter earnings

  • by: Associated Press
  • Updated: February 4, 2014 - 3:25 AM

AMSTERDAM — Royal KPN NV, the Dutch telecom company partly owned by Mexican billionaire Carlos Slim, says it will cut at least 1,500 jobs — 5 percent of staff — by 2016 as its fourth quarter sales fell and losses worsened.

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