DT workers protest against job cuts

10 Jan 2006

Around 5,000 Deutsche Telekom (DT) workers protested against plans for 32,000 job cuts at the company, gathering in the cities of Bonn and Berlin yesterday. The telco said it needs to cut its workforce in order to stay ahead of its rivals in the increasingly competitive fixed line market. It plans to shed the staff by the end of 2008, in a move which will save it around EUR1.7 billion (USD2 billion) a year. Most of the redundancies will take place at its fixed line unit T-Com.

Germany, Deutsche Telekom (DT)