Union rejects DT’s redundancy plans

10 Feb 2006

Having earlier this week signed an agreement with incumbent telco Deutsche Telekom (DT) over a redundancy programme, German labour union, ver.di, has now called off the deal. DT first announced the plan last November, saying it wanted to cut 32,000 jobs as part of a EUR3.3 billion (USD2.9 billion) restructuring operation. Ver.di decided to call off the agreement because DT’s plans for severance pay, retraining and other conditions were unacceptable. The decision means DT cannot go ahead with its redundancy programme at the moment.

Germany, Deutsche Telekom (DT)