Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
T-Systems, a German IT service provider and subsidiary of Deutsche Telekom, has announced the creation of 200 jobs at its site in Wolfburg, Lower Saxony, Germany.
T-Systems continues to invest in the automotive industry and focuses on four topics: vehicle software and connectivity, digital customer experiences, the digitalisation of the company and secure cloud computing. By 2023, the Telekom subsidiary plans to create around 600 jobs worldwide, 200 of which will be at the Wolfsburg site.
Already 4,000 experts are working on the digitalisation of the industry. In 2021, T-Systems had automotive revenues of around €571 million.
Eurofound (2022), T-Systems, Business expansion in Germany, factsheet number 107128, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107128.
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