
German telecom giant Deutsche Telekom will cut 4,900 jobs over the next two years from its IT and consultancy unit T-Systems, the company said on Tuesday."We will cut 2,700 jobs this year and 2,200 jobs next year in Germany," a spokesman told AFP, confirming a report by daily Frankfurter Allegemeine Zeitung.T-Systems has struggled for years to turn a profit, competing with IBM, EDS and other IT giants to provide companies with their computer network systems.The subsidiary says it currently employs about 50,000 people, but the spokesman said the layoffs were only planned in home-market Germany for now."We are now looking at our reach in the rest of the world and we have yet to conclude on a way forward," the spokesman added.T-Systems generated revenue of around 9.5 billion euros ($13 billion) in the 2013 financial year.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor