Orange’s U.K. Venture With T-Mobile to Cut 1,200 Jobs
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France Telecom SA and Deutsche Telekom AG’s U.K. joint venture Everything Everywhere will cut about 1,200 jobs following the merger which created Britain’s largest wireless operator.
The venture will eliminate positions in back-office and management roles to avoid duplication, it said today in a statement. About 7.5 percent of the total workforce will be cut as the company targets more than 3.5 billion pounds ($5.5 billion) in cost savings.