Philips NV-owned Telecommunications Radioelectrique et Telephoniques SA, TRT, has warned that its 1988 turnover is unlikely to differ greatly from last year’s figure of FF2.7m the approximate equivalent of $450,000. Blame for the stagnation is being placed on the shoulders of its TRT-TI office computer subsidiary, which saw disappointing year-end results after running into difficulties in a number of its technology and telecommunications markets. TRT chiefs ruled out the imposition of a social solution – no lay-offs in other words, arguing that the situation could be rectified through simplifying structures and increasing productivity. They are confident that TRT’s commercial successes will have a positive effect on mid-term figures.
