Deutsche Telekom to cut 400 accounting, audit posts says report

Deals

German telecommunications operator Deutsche Telekom plans to downsize its accounting department and eliminate 400 jobs, or one-third of its workforce, a press report said Tuesday.

Deutsche Telekom, which has suffered a major loss of fixed-line customers, plans to cut the number of German offices that handle accounting and internal audit to six from 48 at present, the Financial Times Deutschland said, citing the company. The newspaper cited people familiar with the plans, which were then confirmed by a company spokesman, the report said.

Deutsche Telekom might also move the remaining accounting and internal audit operations to Hungary, the newspaper quoted the sources as saying. The spokesman, however, said it is the company's "clear goal" to keep those jobs in Germany. It has already announced plans to eliminate 32,000 other posts by the end of 2008, and moved 50,000 positions to a new services subsidiary in July. (rawstory)

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.