Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
T-Systems, a subsidiary of German Telekom, will cut 2,700 jobs by the end of the year and further 2,200 in 2015. The business customer arm of Deutsche Telekom is to move from classical IT to data security and cloud services.
According to the company, the job cuts are to occur in a socially acceptable way.
This is not the first large-scale downsizing programme at T-Systems. In 2008, the company announced to cut 12,000 jobs within three years plus 3,000 jobs in 2009 and 2010. T-Systems mother company Deutsche Telekom employs about 29,000 people in Germany.
Eurofound (2014), T-Systems, Internal restructuring in Germany, factsheet number 76734, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76734.