FRANKFURT, Germany—Deutsche Telekom’s chief executive, Ron Sommer, told investors at the company’s annual meeting that the telecommunications giant plans to cut 22,000 jobs, or about 9 percent of its work force, by the end of 2004 in an attempt to cut costs and reduce debt.
The company also plans to sell of some of its real estate holdings and its remaining interest in its cable networks. The company said plans to partially list its T-Mobile wireless division are temporarily on hold.
