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 - about 10 percent of its work force - in order to save $195 million over the next two years.
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TUI, the German travel company owner of Thomson Holidays, says it plans to cut 2,600 jobs in the UK.
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CABLE &amp; Wireless has unveiled another round of job cuts, with the announcement that it plans to reduce its head count in the UK and Continental Europe by 600.
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Sprint Corp., the telecommunications giant, said yesterday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals. The cuts represent 7.8 percent of the division's workforce.
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Swedish-Finnish telecommunications operator TeliaSonera said Friday it would slash 2,900 jobs to improve efficiency as it reported a 5.2 percent rise in 2007 earnings that failed to please the market.
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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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Mobile phone maker Nokia will lay off 2,300 employees at a German plant and move production to lower-cost European sites, the company announced Tuesday.Nokia plans to close the plant in Bochum, Germany, by midyear. Nokia also plans to close an automotive business there and is negotiating with Sasken Technologies to sell a Bochum-based software research and development entity, the company said in a news release.The Bochum site was not &quot;globally competitive,&quot; Nokia said. Additional investments would not make the site competitive, the company said.Nokia, based in Finland, announced last March that it was opening a manufacturing plant in Romania. The company also has a plant in Hungary.Market changes and &quot;increasing requirements for cost-effectiveness&quot; mean that &quot;production of mobile devices in Germany is no longer feasible for Nokia,&quot; Veli Sundb&#228;ck, executive vice president of Nokia, said in a statement. &quot;It cannot be operated in a way that meets the requirements for global cost efficiency and for flexible capacity growth. Therefore we have to make this tough decision.&quot;Nokia will negotiate with employee representatives to &quot;reach a satisfactory solution&quot; for everyone involved, the company said.
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Cingular Wireless, the nation&#39;s largest cellphone 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
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Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it will cut about 4,000 jobs and  close about 8 percent of its stores, predicting further  pressure on its ability to attract subscribers and turn a  profit in 2008.
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Thomas Cook, the travel firm planning to cut 2,800 jobs, has warned that the UK market remains challenging.
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Siemens AG plans to cut 1,250 jobs in its wireline network business as it restructures the unit, the German engineering giant said Friday.
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T-Mobile USA, the U.S. wireless unit of Deutsche Telekom AG (DTEGn.DE), does not expect to offer broadband mobile data services for at least the next two years, its chief executive said on Thursday.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Friday said it plans to cut up to 700 jobs as it realigns its business to focus on wireless and Internet services and takes a non-cash network impairment charge.
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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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Nokia (NOK1V.HE), the world's top  cellphone maker, said on Tuesday it plans to close its plant in  Bochum, Germany, by mid-2008 and may cut up to 2,300 staff as  it moves production to lower-cost regions.
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Finland's Nokia, the top global mobile phone manufacturer, said Tuesday that it planned to close a factory in Germany by mid-year which employs 2,300 workers.
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American Express Co said it will cut 2,000 jobs, or 2.5 per cent of its work force, in a restructuring designed to save more than USD 75 million a year before taxes.