T-Systems

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
12,000 jobs
Number of planned job losses
Job loss
Announcement Date
19 March 2008
Employment effect (start)
19 March 2008
Foreseen end date
31 December 2010

Description

T-Systems, a subsidiary of Deutsche Telekom, has announced that it is to cut 12,000 jobs by the end of 2010. Approximately 3,000 to 4,000 jobs will be cut each year throughout Germany. T-Systems stated that redundancies will be managed in a socially responsible way. The job cuts are part of a cost cutting programme to improve T-Systems economic competitiveness. The recent partnership deal signed with the American firm Cognizant, will give T-Systems access to Cognizant's offshore workforce in low-cost countries, allowing it to cut costs.

Sources

  • 20 March 2008: Handelsblatt

Citation

Eurofound (2008), T-Systems, Internal restructuring in Germany, factsheet number 66441, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66441.