TDC Cuts 400 Staff

TDC reduces number of employees, after revenue failed to develop as expected

September 8, 2008

1 Min Read

COPENHAGEN -- As mentioned in TDC's earnings release for 1H 2008 the revenue hasn't developed as expected. As a consequence, TDC has decided to carry out a reduction in number of employees to ensure that TDC can continue a positive development.

The redundancy programme includes approximately 400 employees in TDC. It will primarily be carried out through a simplification in the product portfolio, organisational changes and reduction in the number of management.

"It is never easy to carry out a reduction but it is our responsibility to react instantly when the market does not develop as expected. And it is a fact that our cost level is too high", says Jens Alder, President and CEO of TDC.

TDC A/S (Copenhagen: TDC)

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