AOL

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.9 - Other information technology and computer service activities
62.90 - Other information technology and computer service activities
5,000 jobs
Number of planned job losses
Job loss
Announcement Date
3 August 2006
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2006

Description

On 3 August 2006 internet provider AOL announced to cut about 3,000 jobs in Germany, France and Great Britain. Worldwide, 5,000 jobs will be cut within the next six months. The announcement came just a day after AOL said it would start offering its e-mail and multimedia services to broadband users for free, as part of a drive to compete better with Yahoo and Google.

Sources

  • 4 August 2006: Handelsblatt

Citation

Eurofound (2006), AOL, Internal restructuring in World, factsheet number 63873, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63873.