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Telekom Austria to Cut 1,250 Jobs

Telekom Austria has announced that it plans to cut 1,250 jobs and make a provision of €630 million (US$812 million) for the measure in its 4th quarter results. However, as the employees are protected by labour agreements from when the company was state owned, they cannot be made compulsorily redundant and the company hopes to offer incentives for them to take voluntary redundancy.  more

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