Deutsche Telekom, union agree on job cuts

German dominant carrier Deutsche Telekom has reached an agreement with trade unions on a first round of job cuts at T-Com, its fixed-line division, a report from The Financial Times said.

The report said both Deutsche Telekom and staff representatives had drawn up a document setting the conditions for the job cuts.

The former monopolist planned to cut 20,000 jobs at T-Com, the report said.

The document stated that 3,680 jobs had already been lost by April 1 and that further job losses would be needed by September 1, the report further said.