Feeds

BT sacks 4000 in German cost cutting

Viag Interkom loses 13 per cent of workforce

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

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. ®

The Power of One Brief: Top reasons to choose 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
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
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

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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.