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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Information And Communication Equipment In Specialised Stores 47.42 - Retail sale of telecommunications equipment in specialised stores
800 jobs Number of planned job losses
Announcement Date
29 January 2020
Employment effect (start)
Foreseen end date
31 December 2021
Description
Deutsche Telekom, one of the biggest telecommunication companies in Europe, is closing 99 or approximately one in five of its high street outlets across Germany by the end of 2021, which will lead to the loss of 800 positions within the company. The restructuring programme does not envisage direct dismissals. The company will offer affected staff severance payments, partial retirement or other employment opportunities in the group. The decision is motivated by customers' preference for online support services.
In 2019, the company had around 94,100 employees and 504 shops in Germany. Deutsche Telekom headquarters is located in Bonn.
Eurofound (2020), Deutsche Telekom, Internal restructuring in Germany, factsheet number 99957, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99957.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
