T-Mobile

Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
200 jobs
Number of planned job losses
Job loss
Announcement Date
17 May 2013
Employment effect (start)
18 May 2013
Foreseen end date
31 December 2013

Description

The mobile phone operator T-Mobile is to cut 200 jobs by the end of 2013 in the framework of a saving plan. The management of the company, currently employing 2,600 people in the Czech Republic, has not yet decided which positions will be eliminated via the scheduled downsizing. The firm plans to minimize capital and operating costs. In the first quarter of 2013, operating profit decreased by 14.3% to CZK 2.65 billion. Sales fell by almost a tenth to 5.8 billion. In comparison with the same period last year, the number of customers increased by 4% to nearly 5.6 milion.

Sources

  • 20 May 2013: Hospodárske noviny

Citation

Eurofound (2013), T-Mobile, Internal restructuring in Czechia, factsheet number 75385, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75385.