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Telefónica Germany (TEF SM) reportedly planning to cut approximately 1.65k full-time positions by 2028, significantly higher than the 1.1k previously announced for 2026, according to sources cited by Handelsblatt

StockNow breaking-news AI analysis

Telefónica Germany is accelerating efficiency by increasing its 2028 job cut target to 1,650, aiming for €185M in annual savings as part of a group-wide deleveraging and profitability strategy.

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