T-Mobile May Cut 2,200 Jobs in Europe
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Deutsche Telekom AG's mobile phone arm, T-Mobile, said Thursday it would likely shed 2,200 jobs &#151; about 10 percent of its work force &#151; in order to save &#36;195 million over the next two years. It said the cuts will be in Europe.
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Apple introduced its second European sales partner in two days, revealing plans to sell the iPhone in Germany through T-Mobile, the wireless subsidiary of Deutsche Telekom.
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Nortel Networks Corp.   will slash 2,900 jobs, or 8.5 percent of its workforce, over the next two years and shift another 1,000 employees to lower-cost locations like China, India and Mexico as North America's biggest maker of telephone equipment struggles to shore up its profits.
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AT&T said today it plans to move 2,000 outsourced tech support jobs onto its payroll by late 2008.
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Telecoms equipment provider Alcatel-Lucent  could cut up to 20 percent of staff, French weekly l'Expansion reported on Tuesday.
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Cingular Wireless will cut close to 10% of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently acquired AT&amp;T Wireless, the chief executive of the nation&#39;s largest cell phone company said Tuesday in an
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General Motors Europe (GM.N: Quote, Profile, Research) will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop
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The announcement came almost two months after its parent company, Hertz Global Holdings, said it would eliminate 200 jobs to increase competitiveness.
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Nokia, the world's leading maker of mobile phones, has said it would shed some 700 jobs, with Finland taking the brunt of the cuts.
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Rolls Royce is planning to slash more than two thousand jobs worldwide, including many in the UK
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Vodafone Group had almost 200 million customers by Dec. 31, but continues to face challenges in the competitive and saturated European market.
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Cingular Wireless LLC, the nation&#39;s largest cell phone company, will cut about 10 percent of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently acquired AT&amp;T Wireless, Cingular&#39;s chief executive said Tuesday.
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SBC, the second-biggest US phone company, plans to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.
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Cingular Wireless LLC, the nation's largest cell phone company, will cut about 10 percent of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently acquired AT&T Wireless, Cingular's chief executive said Tuesday.
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Nokia Corp., the world's biggest mobile phone maker, said Tuesday it plans to lay off "a few hundred" research and development workers globally, including up to 250 in Finland, in a move to cut costs.
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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New York (Dow Jones) -- American Express Co. said Friday it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.