German telecommunications company Deutsche Telekom is likely to cut about 4,000 jobs worldwide, local media reported on Monday.

The redundancy plan is expected to be carried out in a span of three years and would mainly hit its IT services business T-Systems, a Die Welt report said.

It said Deutsche Telekom, which now employs some 50,000 people worldwide, is facing tough competition in the traditional IT outsourcing business, it said. The situation is aggravated by newcomers such as the Indian company Tata, which are fueling a price war.

Under the new plan, the T-Systems division will focus on the application of digital services such as Internet in cars, according to the report.

The share of Deutsche Telekom was last traded at 11.66 euros on Monday, 0.2 percent down from the previous day at the Deutsche Borse.