Danish TDC to cut 400 jobs

Danish telecoms incumbent TDC will cut 400 jobs as it battles against declining revenues, a Total Telecom report said.

The report quoted the firm saying its '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 private equity-backed telco said in a statement.

TDC added that the cuts be made through organisational changes, the simplification of its product portfolio and a reduction in the number of management positions.

The company also said that it has decided not to fill 200 vacant positions.

Indeed, last month the operator reported a 1.3% revenue decline for the first half of the year to 19.5 billion kroner (€2.6 billion), while revenue adjusted for acquisitions and divestments dropped by 3.4%, the Total Telecom report said.