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General

Telefonica Deutschland to cut 1,600 jobs by 2018

Friday 17 October 2014 | 13:15 CET | News
Telefonica Deutschland has unveiled the key parameters for the integration of E-Plus, including 1,600 job cuts by 2018 out of a total of 9,100 employees. The job cuts are part of the streamlining process to 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 said it 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 works council have been informed about the

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Categories: General
Companies: E-Plus / Telefonica Deutschland
Countries: Germany
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