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General

Delta to begin reorganisation, cost cutting programme

Tuesday 14 December 2010 | 09:45 CET | News
Dutch utilities group Delta, which offers internet, telephony and television services via cable, is to soon begin a major reorganisation and cost cutting programme, the company announced at its latest AGM, as reported by Het Financieele Dagblad. The supervisory board will be reduced from nine to five people. The policy of distributing 50 percent of the company's profit to shareholders will be maintained, but the minimum limit of EUR 50 million will be scrapped. Delta has also applied for bankruptcy for Biovalue, a loss-making business unit.

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Categories: General
Companies: Delta
Countries: Netherlands
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