POST Online Media Lite Edition


Deutsche Telekom subsidiary T-Systems to cut 10,000 jobs

Staff Writer |
T-Systems, a subsidiary of Deutsche Telekom, plans to cut 10,000 jobs worldwide by 2020.

Article continues below

The cuts were announced Thursday at a staff meeting at its headquarters in Bonn.

The dpa news agency reports that about 6,000 jobs will be cut in Germany, with some moving overseas to India and Turkey. T-Systems currently employs 18,000 people in Germany, out of 37,000 employees worldwide.

The company aims to save 600 million euros ($693 million) that will be invested in growth areas such as cloud services and IT security.

The ver.di union called the planned cuts "irresponsible and a danger to the entire business of T-Systems."

What to read next

DT sells 70% stake in Scout24
Deutsche Telekom, EWE to invest 2bn euros in German fiber buildout
Deutsche Telekom buys Austrian cable unit from Liberty Global for $2.25 billion