Reginal Thomas
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More Job Cuts At Deutsche Telekom AG

Deutsche Telekom AG plans to get more jobs at its corporate client unit as its new CEO Timotheus Hoettges works to raise profitability in the division. The job cuts will be presented at the supervisory board meeting on Dec. 12, and would exceed the current pace of cuts at the unit. T-Systems' workforce has fallen by 5% over the last two years. Earning before interest and taxes for the unit came up to 2.3% of its sales for the third quarter, compared to an average margin of 12.2% at other Deutsche Telekom units. Under the new business plan, T-Systems will focus on enabling digital services like Internet in cars or insurance purchases on a smartphone through central servers.