Deutsche Telekom, union reach deal in dispute over job transfers

Article Abstract:

German labor union ver.di and telecommunications firm Deutsche Telekom AG have reached an agreement regarding wages and outsourcing. The union will increase weekly work hours from 34 to 38, with employees taking a 6.5% pay reduction. In return, Deutsche Telekom will not implement outsourcing until 2010 and will guarantee the positions through 2012.

Use of services, Personnel administration, Labor organizations, Labor Unions, Labor Unions and Similar Labor Organizations, Compensation and benefits, Labor relations, Labour unions, Outsourcing

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Telecom narrows net loss: Deutsche Telekom looks for acquisitions outside its regions

Article Abstract:

Fourth-quarter net loss for Germany's Deutsche Telekom AG was $1.15 bil, narrower than the previous year, but was weighted by expenses related to an early retirement program aimed at reducing the firm's work force. Adjusted net profit dropped 1.9%.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Financial report

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