Deutsche Telekom to lay off 4K-6K employees from IT services business

|About: Deutsche Telekom AG ADR (DTEGY)|By:, SA News Editor

Deutsche Telekom (DTEGY) plans to lay off between 4K-6K of the 29K employees at T-Systems, its IT services business, German newspaper Handelsblatt reports.

The plan is expected to be put to Deutsche's supervisory board at its meeting on Dec. 12 and executed in the coming 3 years.