Deutsche Telekom to slash 19,000 jobs

Nov 02, 2005

Deutsche Telekom said Wednesday it will slash about 19,000 jobs over the next three years.

"The worldwide realignment of the industry, the rapid pace of technological development and, in particular, the tough competitive environment in the fixed network and broadband sector in Germany imposed by the regulatory situation, intensify the challenges facing the entire Deutsche Telekom Group," Chief Executive Kai-Uwe Ricke said in a news release. "On the one hand, we have to cut jobs in old core markets; on the other, there are opportunities to create jobs in new innovative markets," he added.

The company said total job cuts will reach 27,000, which will be offset by the creation of about 8,000 new jobs.

"Job cuts are to be made via voluntary measures, such as old-age part-time work and severance payments. With regard to civil servants, talks with the federal government about early retirement programs will be necessary. The talks will begin after the federal government has been constituted," stated Chief Human Resources Officer Heinz Klinkhammer.

Copyright 2005 by United Press International

Explore further: Twitter takes note of other apps on smartphones

add to favorites email to friend print save as pdf

Related Stories

Iliad founder says T-Mobile offer is 'real'

Aug 01, 2014

French telecom upstart Iliad's founder said Friday that the company's offer for US-based T-Mobile is "real" and that he is open to working with partners on a deal.

Wireless show expected to draw crowds to Barcelona

Feb 22, 2013

When the top executives of the world's wireless industry gather next week in Barcelona, Spain, for their annual trade show, cellphones will take a back seat to talk of cars, electric meters and insulin monitors.

Market slide clouds AT&T merger plan

Aug 12, 2011

The stock market squeeze is threatening to take the air out of AT&T Inc.'s best argument for the regulatory approval of its $39 billion acquisition of T-Mobile USA.

Tickets, coupons among uses for tap-to-pay phones

Feb 21, 2011

(AP) -- Cell phones are usually used to communicate with people far away. This year, they'll get the ability to do the opposite: communicate with things that are close enough to touch.

Silicon Valley Seeks to Revamp Wireless Industry

Apr 15, 2007

A start-up backed by Silicon Valley's power elite hopes to convince regulators to back a business plan that could scrap many restrictions on wireless networks and help Internet service providers like Google Inc. and Yahoo ...

Recommended for you

GoGlove wearable aims to control life's soundtracks

2 hours ago

Technology creatives are seeing the key attraction in wearables as being in solutions that save the user from fumbling around with the phone to make app adjustments or changes, or from repeatedly taking it ...

Amazon cuts Fire phone price to ignite sales

2 hours ago

Amazon on Wednesday slashed the price of Fire mobile phones that stalled after launch early this year, becoming a drag on the US online retail titan's bottom line.

Thanksgiving travel woes? There's an app for that

2 hours ago

Traveling by plane, train or automobile can be a headache. Mixing in Thanksgiving can make it a throbbing migraine. Technology provides some pain relief in the form of apps to let you know which roads are ...

US agency threatens to act against air bag maker

3 hours ago

A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver's side air bag inflators ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.