>The part state-owned Telecom company Proximus has announced plans to shed 1,200 jobs between now and 2030. The company says that it will reduce its workforce in a “controlled and gradual” manner over the next few years. The company also announced a halving of the dividends it will pay its shareholders following an 11% fall in net profits.
https://www.vrt.be/vrtnws/en/2026/02/27/proximus-plans-1-200-job-cuts-by-2030/
Posted by No_Substance_99
5 Comments
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Its about time – terrible shares to hold
Proximus in the hands of the government has not been good for Belgium. Innovation and competition were avoided as fibre roll out is far behind other countries and prices only go up. Competitors like Mobile Vikings are quietly neutralized by takeover.
And meanwhile the government watchdogs are not allowed to be more than an expensive but not working show dog poodle because they were not permitted go after the government dividend cash cow.
Now Proximus got so bloated but ineffective it cannot even compete with itself. The dividends are going away. That’s why the share price falls, the expected return of this dividend cow is halved.
The economic damage of an inefficient telecom market is systemic for the Belgian economy. I wonder how much % of potential GDP this mess that hurts all, has cost us.
something they have been doing for 10+ years now.
This is the third restructuring since I got there and seeing they are mainly going to not replace people retering it will finally perhaps get rid of the last barely fuctional barely working employees proximus is still rifled with .
Er werken 12500 mensen bij Proximus.
Dus elk jaar 2,5% van de huidige aantal mensen. Niet echt spectaculair.