Germany's T-Mobile to cut 900 US jobs

May 16, 2012
Germany's T-Mobile, the fourth-largest wireless telecommunications company in the United States, said Tuesday it would cut 900 jobs as part of a company-wide restructuring.

Germany's T-Mobile, the fourth-largest wireless telecommunications company in the United States, said Tuesday it would cut 900 jobs as part of a company-wide restructuring.

"These changes resulted in a restructuring of key functions and departments across the company including the elimination of some positions and the outsourcing of others," a T-Mobile spokesman said in an email to AFP.

"Approximately 900 employees will be leaving T-Mobile as a result of the restructure," he added.

T-Mobile is the US wireless operation of , which struck a deal last year to sell the firm to AT&T for $39 billion. In mid-December AT&T abandoned the acquisition in the face of stiff opposition from US regulators.

The Financial Times reported last week that Deutsche Telekom is now considering a tie-up for T-Mobile with MetroPCS Communications, a US wireless provider.

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User comments : 4

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Vendicar_Decarian
2.3 / 5 (3) May 16, 2012
The CEO needs some more chump change for his wallet.

Noumenon
1 / 5 (4) May 16, 2012
The CEO needs some more chump change for his wallet.


The goal of a private company is to maximize profit for its share holders,.. not to employ people for the sake of employing them.

In the long term, by pursuing profit as the key motive, and so implementing restructuring as above,.. the company grows and then overall employs more people as a consequence.

Had a companies goal been only to employ people at the expense of maximizing profit, it would never have grown in any appreciable size to employ that many.

You see how your socialist mental illness has lead you into irrationality?

That CEO will spend his money and invest it, which then creates jobs again.
Noumenon
1 / 5 (4) May 16, 2012
If you confiscated all the money from all the rich of the world, and then distributed it evenly amongst the rest of the population of the world, it wouldn't change a thing, except to crash the economies of the world.

Mathematically, doubling Everyone's income would make zero difference in the end, as the value of currency would self adjust to compensate. It would be like a 'gauge transformation'.

The notion of "Income inequality" is more liberal meaningless non-sense. Without freedom, competition, and the motive to succeed and become rich, or the opportunity to work harder and earn more, there is no natural motive to improve. Why work harder or improve efficiency, when you could just do as little as the next guy and make the same in either case?

You are again unscientifically minded with your far leftist anti-rich, anti-success, anti-capitalism drivel. The key to human progress is in the above mentioned natural mechanisms.
Vendicar_Decarian
not rated yet May 16, 2012
I agree with NumenTard. If American Corporations can wring out an extra dime of profit by firing all of their American workers and moving off shore, they should do so.

The love of money must be placed above all things.

"The goal of a private company is to maximize profit for its share holders,.. not to employ people for the sake of employing them." - NumenTard