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