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.
As announced on 21 June 2018, T-Systems, a subsidiary of the Germany-based telecommunications service provider Deutsche Telekom will be cutting 6,000 jobs until 2021 due to internal restructuring. Furthermore T-Systems will reduce its 230 branches to 20.
The restructuring is scheduled to start in the middle of this year, with tighter management structures: instead of the previous eight hierarchical levels, there will be three left. The job cuts in the first year will focus on administration and management. In the second year, the focus will primarily be on merging the so-called delivery centers, where employees look after the customers.
T-Systems hopes that it will save up to €600 million in costs with the help of this massive job reduction programme. T-Systems CEO said that he knows that the job reduction programme will be expensive, but he intends to make cuts as socially acceptable as possible.
Currently, T-Systems has 17,800 employees in Germany.
Sources
21 June 2018: FAZ Online
21 June 2018: Die Zeit (online)
21 June 2018: Handelsblatt
22 June 2018: T-system press release
Citation
Eurofound (2018), T-Systems, Internal restructuring in Germany, factsheet number 94442, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94442.
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