Deutsche Telekom, works council agree on restructuring of T-Systems: Handelsblatt

Send a link to a friend  Share

[December 27, 2019]  FRANKFURT (Reuters) - Deutsche Telekom <DTEGn.DE> has reached an agreement with its works council on the restructuring of its troubled T-Systems IT services unit, a German newspaper reported on Friday.

Brochures with the logo of Deutsche Telekom AG are pictured at the shop in the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay

Handelsblatt, citing unnamed company sources, said that the agreement includes moving large parts of business to a newly created German subsidiary, affecting more than 2,000 staff.

The company was not immediately available for comment. Handelsblatt cited a Deutsche Telekom spokesman as saying that nobody would be disadvantaged because of the step.

(Reporting by Hans Seidenstuecker and Tom Sims; Editing by Tassilo Hummel)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.

 

 

Back to top