The Deutsche Bundespost Telekom warns that its debt is expected to climb to the equivalent of $81,000m from $77,700m last year, pushing its capital ratio down to 19% from 20.7%, and The capital ratio is reaching an alarming level – the planned flotation is of the highest importance for Telekom to keep its place in the market, supervisory board chairman Rolf-Dieter Leister said; staff reductions will continue next year, mainly through attrition and early retirement with the total payroll forecast to decline by 6,000 to 224,000 next year.
