Deutsche Telekom sacks 400 in accounts department

Germany's national telephone operator has announced drastic measures to reduce its accounts department – leaving 400 jobless.

Deutsche Telekom has also announced plans to eliminate 32,000 other posts by the end of 2008 and move 50,000 positions to a new services subsidiary in July.

Deutsche Telekom, which has suffered a loss of fixed-line customers, will also reduce the number of offices that handle accounting and internal audit to six, from the present 48, AFP reported.

There have also been suggestions that the company's remaining accounting and internal functions could be moved to Hungary.

Further reading:

Deutsche Telekom plans to cut a third of accounting dept workforce