Wednesday August 12, 07:19 PM
Deutsche Telekom to cut 3,000 jobs
BERLIN (AFP) - German telecom giant Deutsche Telekom (Xetra: 555750 - news) will cut around 3,000 jobs in Germany at its IT subsidiary T-Systems by 2010, the company said on Wednesday following talks with union representatives.
Deutsche Telekom, a former state monopoly, has already cut some 32,000 jobs under cost-cutting plans announced in 2005. T-Systems alone employs 46,000 people and is restructuring after a run of poor results in recent years.
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