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Deutsche Telekom shock jobs' cuts

Deutsche Telekom shock jobs' cuts
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The German telecommunications giant Deutsche Telekom is expected to cut an extra 35,000 jobs as it attempts to slim down and compete.

The weekly magazine Der Spiegel has seen internal company documents calling for more job losses despite Telekom already being in the process of restructuring.

Company boss Rene Obermann refused to comment on the report, but has spoken of the need to adapt.

The company employs nearly a quarter of a million people worldwide, 90,000 outside Germany.

It has lost thousands of clients, mainly from fixed line contracts, in favour of mobiles. More than 30,000 jobs had already been earmarked for the axe.

The irony of all this has not been lost on people threatened with the sack. The company’s slogan, “Hallo Zukunft” means Welcome to the Future.