Deutsche Telekom to slash 32,000 jobs
Deutsche Telekom AG, Europe’s biggest phone company and parent of T-Mobile USA, said Wednesday that it plans to cut 32,000 jobs from its payroll in Germany in the next three years - 25,000 at its main operations and 7,000 from a staffing agency subsidiary.
But the company also said it would add 6,000 jobs as it focuses on more promising business opportunities.
Read the complete story here. (AP via Yahoo)
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