49267
Deutsche Telekom to Cut Jobs
Deutsche Telekom to Cut Jobs

Deutsche Telekom to Cut Jobs

Deutsche Telekom to Cut Jobs

Deutsche Telekom is considering options, including thousands of job cuts at its German business, a review of its holdings in Eastern Europe and Greece, and a partial sale of its subsidiary T-Systems.
The German daily Handelsblatt on September 6 also cited unnamed people who attended a meeting last week, at which management and supervisory board members discussed group strategy and cost reduction.
It said no formal decisions have been made yet.
Deutsche Telekom had no immediate comment on the Handelsblatt report.
The paper quoted a spokesman as saying no new cuts were planned.
Deutsche Telekom faces competition from Vodafone in its German home market, where mobile service revenues slipped and investments rose in the second quarter.
The group has 225,000 employees worldwide, around 69,000 of whom are at its Germany business. IT business T-Systems has around 46,000 employees in more than 20 countries and annual revenues of around €8.2 billion ($9.1 billion).

 

Short URL : http://goo.gl/rbNgpL
  1. http://goo.gl/c7S8MO
  • http://goo.gl/gYAoII
  • http://goo.gl/DcV9xP
  • http://goo.gl/XMk7Sj
  • http://goo.gl/AzWbSq

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus