BusinessCompany NewsDeutsche Telekom sacks 400 in accounts department

Deutsche Telekom sacks 400 in accounts department

Some 400 people to be make unemployed in accounts division, with a further 32,000 posts elminiated by the end of 2008

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

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