• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
3,524
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
Deutsche Telekom 'lost billions' in 2012
Photo: DPA

Deutsche Telekom 'lost billions' in 2012

Published: 28 Feb 2013 08:00 CET

"We recorded a net loss of around €5.3 billion, primarily due to the recognition of an impairment loss" of €7.4 billion on T-Mobile USA, Deutsche Telekom said in its 2012 annual report. In 2011, it booked a year-end profit of €557 million euros.

The loss in the US - announced last October - has prompted the company to push for a merger of T-Mobile US with the mobile phone operator MetroPCS.

The multi-national company, which employs 230,000 workers worldwide, said massive losses in 2012 would not effect its projected business outlook for this year, which predicts an end-of-year operating profit of €17.4 billion.

In January, the Handelsblatt newspaper reported the Bonn-based telecommunications giant was planning to cut jobs 1,200 jobs in Germany by June in a bid to cut overhead costs by ten percent and save €100 million a year.

Employees would be cut from its marketing, management and administration departments, inside sources told the paper at the time, in a move the company described as "reorganization" rather than a downscaling operation.

AFP/The Local/jlb

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
German Employment News
The Local speaks to experts from the German startup scene to find out how to get a job at a freshly-minted technology company.
Volkswagen hopes to put more robots to work as it says goodbye to its retiring baby boomer employees, the company's chief of human resources wrote in the Süddeutsche Zeitung on Monday.
The jobmesse deutschland (Job Expo Germany) is rolling into Berlin on Saturday as part of its annual 18-city tour. Here's why you should go if you're looking for a job in Germany.
A new study shows more and more immigrants are starting businesses in Germany, bringing some much-needed entrepreneurial spirit to the country.
It’s not quite as romantic as the Nanny Diaries, nor is it as magical as Mary Poppins. But being an au pair in Germany can be fun, as Emma Anderson finds out.
What kind of companies are hiring foreigners in Germany? And which type of firm should you target for your next career move? Recruitment expert Chris Pyak reveals all to JobTalk.

Associate Executive Officer
The United Nations University seeks an Associate Executive Officer to provide direct support to the Director of the Institute for Integrated Management of Material Fluxes and of Resources in a wide range of management tasks.
FULL JOB AD »

F2F Fundraising – Return Flights to Australia
We are offering a unique opportunity to hone your awesome D2D fundraising skills AND make the world a better place for everyone. Win Win. We looking to recruit the very best door to door fundraisers from across the globe for an exciting summer in Australia.
FULL JOB AD »

IELTS Examiners – British Council China
The British Council is recruiting a team of IELTS examiners to be based in one of our four main cities in China: Beijing, Shanghai, Guangzhou or Chongqing. This presents an exciting opportunity for new or current IELTS examiners to work in one of the world’s largest and most dynamic English language assessment environments
FULL JOB AD »

WINCOR NIXDORF International GmbH
Paderborn
Stepstone
Added 10/25/14

GE Healthcare
DEU-Baden-Württemberg-München, Dornstadt, Freiburg-80807
Stepstone
Added 10/25/14

StepStone Deutschland GmbH
Düsseldorf
Stepstone
Added 10/25/14

Zalando SE
Berlin
Stepstone
Added 10/25/14

Zalando SE
Berlin
Stepstone
Added 10/25/14

StepStone Deutschland GmbH
Brüssel, Berlin, Düsseldorf, Warschau
Stepstone
Added 10/25/14

Microsoft Deutschland GmbH
München
Stepstone
Added 10/25/14

ThyssenKrupp AG
Essen
Stepstone
Added 10/25/14

METRO AG
Düsseldorf
Stepstone
Added 10/25/14

Celesio AG
Stuttgart
Stepstone
Added 10/25/14