Deutsche Telekom says will slash 10,000 jobs at subsidiary

Berlin (AFP) – Deutsche Telekom said Thursday it would slash 10,000 jobs worldwide at its loss-making services subsidiary in the next three years as it seeks 600 million euros ($696 million) in savings.

Six thousand of the axed posts at the subsidiary T-Systems will be in Germany, a spokesman told AFP, adding that the restructuring plan had been announced to employees on Thursday.