Deutsche Telekom spin-off plan could hit 61,000 jobs - ver.di |
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Thu, 22 Feb 2007 16:50
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FRANKFURT (AFX) - Deutsche Telekom AG's restructuring plan could affect one-third of its employees, Ver.di trade union said.'We fear that up to 61,400 employees could be affected by the spin-off plans,' said union spokesman, Jan Jurczyk.That would be around 15,000 more than previously suggested, but Deutsche Telekom said that the new figures were 'pure invention'.The telecommunications giant said it aims to cut costs by spinning off some services activities, such as call-centres, into separate units.Deutsche Telekom's supervisory board was expected to approve the plans at a meeting next Wednesday, Jurczyk said.In addition, some 13,000 jobs could be affected by Deutsche Telekom's plans to sell off assets, Ver.di said.The union said it would stage protest against the plans, with a demonstration to be held in Bonn next week.patrizia.kokot@thomson.compk/jlcCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Deutsche Telekom stands by plan to set up T-Service unit, ver.di union says 