35,000 more jobs threatened at Deutsche Telekom
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Some 35,000 additional jobs are reportedly threatened in German telecom giant Deutsche Telekom, on top of the tens of thousands already being lost.
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Nokia, the mobile phone company, is standing by its decision to close its factory in Bochum, western Germany. About 2,300 employees are affected along with, according to trade union estimates, up to 2,000 jobs at suppliers and subcontractors. The Finnish company's decision has provoked indignation. The reasons for the public outrage are obvious: Nokia earns EU90,000 a year from each production worker - operating profit at Bochum runs at an annual EU134m. Nevertheless, production will now be shifted to Romania.
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FRANKFURT  - Siemens AG says more costs could be coming from a software problem with its new mobile phones that has led retailers to suspend sales.
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Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 2,290 jobs in Germany as part of a restructuring plan.
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Germany's KfW state development bank said Monday it was selling up to &#36;3.7 billion in Deutsche Telekom shares and offering options on another &#36;1.2 billion in shares, a move that will cut the German government's stake in the telephone giant by about 7 percent.
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(InfoWorld) - With the support of German lawmakers, incumbent telecommunications operator Deutsche TelekomÂ is racing into a head-on clash with the European Commission over a decision to keep rival operators off its new high-speed broadband network. The upper house of the German parliament approved a revised telecommunications law on Friday. The law will allow partially state-owned Deutsche Telekom to ban competitors from using its VDSL (Very high bit-rate Digital Subscriber Line) network to sell services. The decision flies in the face of Commission legislation that mandates member states to force telecommunications companies with dominant positions -- in most cases former state-owned monopolies -- into opening their network infrastructure to rival operators on favorable terms. While Deutsche Telekom eventually opened its local-loop infrastructure under pressure from Brussels, the operator has fought attempts to allow competition on its new network. It argues that the VDSL network represents a new market for combined triple-play telephony, high-speed Internet and TV services, and new markets are protected under European Union law; in addition, it needs to protect its â¬3 billion ($3.9 billion) investment in the super high-speed network. German lawmakers have become slightly sympathetic to Deutsche Telekom, which has been bleeding fixed-line customers by the millions and consequentlyÂ forced to lower operating costs, largely through job cuts. Since its privatization, the operator has reduced its workforce from more than 250,000 at the peak to around 180,000 today. Over the years, Deutsche Telekom and the German government have clashed with Brussels on issues including the divestment of the operator's cable TV network and local-loop unbundling. In repeated warnings over the past several months, the Commission has said it will take whatever action is necessary to make Germany observe E.U. law. The issue could land in the European Court of Justice, which is responsible for handling E.U. treaty infringements. Court decisions can take years, however. Rival fixed-line operators, including ArcorÂ & Co., which is owned by the Vodafone Group, have made it clear they don't want the former monopoly telephone operator to be given any advantages to dominate another market as it has with the market for telephone service.
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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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Deutsche Telekom's supervisory board is giving additional functions to Kai-Uwe Ricke, the company said, apparently putting paid to speculation that his days as chief executive were numbered.
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TELEKOM Malaysia Bhd will need to fork out an additional US$344.5mil (RM1.31bil) next year on top of the US$314mil and US$156mil it is paying for stakes in Indonesiaâs Excelcomindo (Excel) and Indiaâs Idea Cellular respectively.
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Motorola Inc.  said it expects to cut an  additional 4,000 jobs as it continues to lower costs.
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German phone giant Deutsche Telekom sees annual profits fall, following tough competition and lower prices.
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Management and unions at Deutsche Telekom appeared to be inching closer to a compromise Thursday in talks to resolve their dispute over a radical shake-up of the German telecom giant&#39;s services division.
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Volkswagen AG is threatening to eliminate 30,000 jobs ahead of next week&#39;s wage talks with unions as Europe&#39;s biggest carmaker seeks cost cuts similar to agreements reached by other German companies, including DaimlerChrysler AG.
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The number of people looking for work in Germany could rise above the politically critical five million mark this year, Economy and Labour Minister Wolfgang Clement said.
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Germany is selling a E4.45 billion (R36.12 billion) stake in Deutsche Telekom, making it the fourth European government to sell state assets in the past six weeks
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Unemployment in Germany, the eurozone's biggest economy, is continuing to rise and could even reach five million by the winter, new data showed.
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After five weeks of strikes, management and unions at Deutsche Telekom appeared to take tentative steps Tuesday to resolve their dispute over a radical shake-up of the German telecom&#39;s services unit.