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Tue, 08.02.2005
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pte20050208015 Computer/Telecommunications, Companies/Finance
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T-Mobile announces job cuts in UK
German unemployment worst for 70 years

London (pte015/08.02.2005/10:45) - T-Mobile http://www.t-mobile.com have announced 800 job cuts in Britain, as part of a European-wide cull by its parent company Deutsche Telekom. As the Media Guardian http://www.mediaguardian.co.uk reports, a spokeswoman for T-Mobile explained last night that 795 jobs would go in total in Britain, with 535 coming through redundancies and 260 positions being outsourced to third-party operators of call centres.

"We cannot say at this moment which parts of the country will be affected but we hope to have details within two weeks after talks with the union," said the company's spokeswoman. "This announcement will come as an enormous blow to our hard-working members at T-Mobile. They are the ones who have stuck by the company through thick and thin. Now the company is repaying their loyalty and hard work by throwing one in eight of their staff on the dole," said the Communication Workers Union's organiser Nick Childs.

The announcement comes as the German economics minister Wolfgang Clement asked local firms to halt planned redundancies as the number of unemployed in Germany reached a record five million. Clement fears this month's jobless total will exceed the 5.04m seen in January, the highest since1933. He criticised Deutsche Bank heavily after its announcement last week that it would be making 6,400 workers redundant. Germany's largest bank, which increased its pre-tax earnings last year by 50 per cent to 4.1 billion euros, has embarked on a new 1.2 billion euro round of cost-cutting to reach its target of 25 per cent equity this year. Just under 2,000 of the job cuts will be in Germany with the rest in the City of London and in other overseas locations. According to Der Spiegel magazine, numerous big companies have announced a total of 7,400 job cuts in Germany since December.

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