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Wireless

Union fears Telefonica-E-Plus merger may cause job losses

Friday 11 July 2014 | 09:31 CET | News
German services trade union Verdi fears that job losses could follow the merger of Telefonica Germany and E-Plus. The merger is expected to lead to synergy gains of approximately EUR 5 billion over the next five years. To secure approval for the deal, Telefonica committed to giving up network capacity to Drillisch, which will intensify price pressure in the sector, said Verdi. Telefonica and E-Plus have a joint German workforce of approximately 11,000 people.

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Categories: Mobile & Wireless
Companies: Drillisch / E-Plus / O2 Germany / Telefonica Germany / Telefonica O2 Germany
Countries: Germany
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