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IT

T-Systems releases more details on job cuts, turnaround plans

Wednesday 27 June 2018 | 09:36 CET | News
Deutsche Telekom's corporate subsidiary T-Systems has released more details on its turnaround plan to restore the company to profitability. T-Systems said it is aiming to achieve gross savings of EUR 600 million across all companies and business units over the next three years, with up to EUR 300 million to be reinvested in growth areas like the Internet of Things (IoT), the cloud and security, said CEO Adel Al-Saleh. The company plans to stick to the financial targets announced at Telekom's recent Capital Markets Day.

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Categories: IT
Companies: Deutsche Telekom / T-Systems
Countries: Germany
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