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General

Belgacom CEO plans cost reductions, lower dividend

Wednesday 18 June 2014 | 16:50 CET | News
Belgacom's new CEO Dominique Leroy wants the incumbent operator to improve its cost base. As a result, the company will need to make do with fewer employees, she said in an interview with Knack.be. The CEO noted that no reduction in wages is planned, but the operator will look to optimise costs with sub-contractors. Belgacom is also in talks with employee representatives on the plans. Leroy is also re-evaluating the company's relationship with the state, which still holds 53 percent of Belgacom's shares. In particular the high dividend paid to the state - EUR 450 million last year - could go

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Categories: General
Companies: Belgacom
Countries: Belgium
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