Deutsche Telekom Said to Weigh More Job Cuts in Germany

Deutsche Telekom AG is reviewing additional job cuts to boost profitability as Germany’s largest phone company meets investors to outline its financial targets today, according to two people with knowledge of the matter.

Chief Financial Officer Timotheus Hoettges wants to reduce the number of staff that perform internal control functions such as measuring business processes, said one of the people, who asked not to be identified because the discussions are private. The review concerns as many as 12,000 positions at the German division and its service units, and no decision has been made on how many of those should go, that person said.