The services' union Verdi wants to impose a code of conduct (Sozialkodex) within Deutsche Telekom to protect employees from permanent lay-offs, low wages and the worsening in working conditions. The list of Verdi's requirements both works for the management and its main shareholders, that is the Federal State (32%) or the investment fund Blackstone (5 %.) (Ref. 071010)
Since it became private in 1995, Deutsche Telekom cut approximately 10.000 jobs a year (with no lay-offs.) In June 2007, 50.000 employees from the T-Com branch were transferred to T-Service, a new company where, in exchange for job security until 2012, employees work more for less money. And, by the end of 2008, 32.000 employees will “voluntarily” leave the company. Finally, last October, the management denied the imminence of the outsourcing of another 35.000 jobs. In spite of that, René Oberm
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