Feeds

BT sacks 4000 in German cost cutting

Viag Interkom loses 13 per cent of workforce

  • alert
  • submit to reddit

Reducing security risks from open source software

BT is to get rid of 4,000 staff at its German mobile subsidiary Viag Telekom - 13 per cent of the total work force.

The chairman of Viag, Joachim Preisig, told the FT in Germany that the job losses will come from "normal personnel fluctuations" and the company was hoping to avoid redundancies. Viag Interkom, he said, was trying to come out with a positive earnings figure by the start of 2003.

What he didn't expand upon was the pressure from BT, in particular Sir Christopher Bland to cut down debt. This has been the chairman's crusade still starting in the job several months ago and Viag Interkom, together with other European mobile asset Telfort, caused some embarrassment when they announced joint losses of £154 million, which took BT Wireless into the red.

The FT did say however that Preisig had not ruled out any takeovers as a way to build a larger customer base. Viag Telekom was known to be interested in the mobile company Talkline, but is unlikely to get hold of the £190 million needed for the purchase. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.