Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
German telecommunications operator Deutsche Telekom will cut 20,000 jobs at its subsidiary T-Com until the end of 2008. In a first step 3,680 jobs were cut by 1 April 2006. A second wave of job cuts is planned to take place by 1 September 2006. However, direct dismissals for economic reasons remain excluded until 31 December 2008 due to a collective agreement concluded between Deutsche Telekom and the United Services Union (Vereinte Dienstleistungsgewerkschaft, ver.di) in March 2004. Within a procedure known as ‘reconcilement of interests' (Interessenausgleich), Deutsche Telekom and the company works council agreed on the terms and conditions of the planned job reduction. This agreement included a commitment by the company to create 6,083 new jobs in 2006.
Eurofound (2004), Deutsche Telekom, Internal restructuring in Germany, factsheet number 60974, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60974.