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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.09 - Other information technology and computer service activities
5,000 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63873.
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