Deutsche Telekom, works council agree T-Systems restructuring
FILE PHOTO: Brochures with the logo of Deutsche Telekom AG are pictured at the shop in the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay
FRANKFURT - Deutsche Telekom has reached an agreement with its works council on the restructuring of its troubled T-Systems IT services unit, a German newspaper reported on Friday. Handelsblatt, citing unnamed company sources, said that the agreement includes moving large parts of business to a newly created German subsidiary, affecting more than 2,000 staff.
The company was not immediately available for comment. Handelsblatt cited a Deutsche Telekom spokesman as saying that nobody would be disadvantaged because of the step.
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