DT job restructuring continues apace

14 Jan 2008

Europe’s largest telco by revenue Deutsche Telekom (DT) is ramping up its restructuring with plans to transfer more than 9,000 employees to a new unit by 2010, according to news reports. The company wants to cut costs by EUR5 billion (USD7.4 billion) by the end of the decade, partly via slashing worker costs. Since privatisation in the mid-1990s, DT has cut its workforce by about 120,000 to around 240,000 at the end of 2007. Further job losses are inevitable, say analysts.

Germany, Deutsche Telekom (DT)