German telecoms giant Deutsche Telekom is to cut 1,200 administrative jobs in Germany by June 30, a spokesman told AFP on Thursday, confirming media reports. The job cuts -- aimed at saving 100 million euros ($133 million) per year -- would be made in the personnel, accounting, auditing and marketing departments. Many of these positions had become superfluous when Telekom pooled its two subsidiaries T-Home and T-Mobile back in 2010, the spokesman explained. The cuts, however, would not entail any forced redundancies and be implemented voluntarily via measures such as early retirement, he added. The new round of cuts come on top of plans to axe around 1,300 administrative jobs -- or 40 percent of its administrative staff -- at Telekom's headquarters in Bonn by 2015. Telekom employs a workforce of 75,000 in Germany and more than 230,000 worldwide. Chief executive Rene Obermann and his designated successor Timotheus Hoettges, who takes over in 2014, are looking to cut personnel costs in order to free up additional financing for the expansion of its high-speed networks in Germany. Telekom has earmarked investments of 30 billion euros in its networks over the next three years.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor