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.
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