Deutsche Telekom AG will have to cut more jobs to halt a slide in revenues in Europe, the German telecommunications company’s Europe chief told a German newspaper.
Handelsblatt cited Claudia Nemat as saying in an interview that the company had struck an agreement with a trade union in Hungary over 500 jobs and was in talks with labour representatives in Greece.
She said however, that the group was not planning to exit Greek unit OTE, in which it holds a 40 percent stake.
OTE is planning to transfer or retire around 2,000 workers, according to a document seen by Reuters last month…
via Deutsche Telekom to cut more jobs in Europe – paper | Reuters.
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