December 27, 2019 / 1:17 PM / 24 days ago

Deutsche Telekom, works council agree on restructuring of T-Systems - Handelsblatt

FRANKFURT, Dec 27 (Reuters) - Deutsche Telekom has reached an agreement with its works council on the restructuring of its troubled T-Systems IT services unit, a German newspaper reported on Friday.

Handelsblatt, citing unnamed company sources, said that the agreement includes moving large parts of business to a newly created German subsidiary, affecting more than 2,000 staff.

The company was not immediately available for comment. Handelsblatt cited a Deutsche Telekom spokesman as saying that nobody would be disadvantaged because of the step.

Reporting by Hans Seidenstuecker and Tom Sims Editing by Tassilo Hummel

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