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Thursday, 26 July 2007 11:18

O2 slashes German jobs

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700 to go



O2 is cutting back the number of staff it employees in Germany.

In a press release the company said that it needs to cut 700 jobs, or around 15 per cent of its workforce, by mid-2008.

Most of the cuts are in areas of back-office functions and will be run without forced redundancies, O2 Germany said.

The company is Germany's smallest wireless-network operator by sales and has seen the gap with nearest rival E-Plus, the German unit of Royal KPN, grow in recent quarters.

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