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TDC management is suggesting that more layoffs may be necessary, as the company ponders how to handle increased pressure. Previous policies of a maximum 5-7% reduction in staff may now have to be changed, according to Børsen.
Growth gone
“We are in a market that is becoming more and more difficult. Growth has stopped and prices are falling. In particular the slowdown in the broadband market has come quicker than we envisaged,” says TDC’s Chief Financial Officer Jesper Ovesen who adds that the telecoms market is ‘extremely difficult’.
“We must become better at service and cutting costs,” he says.
