FRANKFURT, Sept 6 Deutsche Telekom is
considering options including thousands of job cuts at its
German business, a review of its holdings in eastern Europe and
Greece and a partial sale of its subsidiary T-Systems, German
daily Handelsblatt reported.
The paper on Monday cited unnamed people who attended a
meeting last week at which management and supervisory board
members discussed group strategy and how to reduce costs.
It said no formal decisions have been made yet.
Deutsche Telekom had no immediate comment on the
Handelsblatt report. The paper quoted a spokesman as saying no
new cuts were planned.
Deutsche Telekom faces competition from Vodafone in
its German home market, where mobile service revenues slipped
and investments rose in the second quarter.
The group has 225,000 employees worldwide, around 69,000 of
whom are at its Germany business. IT business T-Systems has
around 46,000 employees in more than 20 countries and annual
revenues of around 8.2 billion euros ($9.1 billion).
(Reporting by Maria Sheahan; Editing by Clarence Fernandez)