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Deutsche Telekom plans to reduce number of stores, cut jobs - report

2019-07-03 11:13:00| Telecompaper Headlines

(Telecompaper) The chain of 500 stores is considered too large as customers are increasingly using the internet for service. The number of branches should fall to 460. The company may also cut jobs, the report said, adding that of 4,500 jobs, around 1,200 have become redundant. The management does not find the decisions easy to handle as the shops with their magenta-coloured labelling belong to the core brand of Telekom. However, the demand in the shops has fallen enormously in recent years. 

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Deutsche Telekom to close stores, cut jobs in Germany

2019-07-03 02:00:00| Total Telecom industry news

Deutsche Telekom plans to shrink its retail footprint, shedding as many as 1,200 jobs in the process, according to a local press report…read more on TotalTele.com »

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Ford to cut 12,000 jobs in Europe

2019-06-27 13:44:59| BBC News | Business | UK Edition

The car giant aims to make the cuts by the end of 2020 as it seeks to streamline its operations.

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Kier to cut 1,200 jobs as it seeks to cut costs

2019-06-17 10:04:05| BBC News | Business | UK Edition

The troubled construction and services firm is attempting to save 55m a year by 2021.

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Aviva to cut 1,800 jobs worldwide

2019-06-06 08:59:44| BBC News | Business | UK Edition

The insurance company says the cuts will be made over three years from its 30,000-strong workforce.

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