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Telefonica Deutschland to cut 1,600 jobs untill 2018
2014-10-17 13:15:00| Telecompaper Headlines
(Telecompaper) Telefonica Deutschland has unveiled the key parameters for the integration of E-Plus, including 1,600 job cuts until 2018 on a total of 9.100 employees. The job cuts are part of the streamlining process to create a springboard for the digital transformation of the business model and create synergies of more than EUR 5 billion. Most of the job cuts are due to duplicate functions that need to be abolished. . In this process, Telefonica Deutschland intends to implement a severance pay scheme for employees leaving the company and strives to avoid compulsory redundancies wherever possible. The supervisory board and the workers council have been informed about the planned measures, which are subject to approval by the supervisory board. The company will now continue negotiations with the workers council. The two sides agreed to conduct these negotiations in a spirit of partnership.
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Category:Telecommunications