Restructuring events
European Restructuring Monitor (ERM)
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.
On 3 August 2006 internet provider AOL announced to cut about 3,000 jobs in Germany, France and Great Britain within the next six months. Worldwide, 5,000 jobs will be cut. 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.
Eurofound (2006), AOL, Internal restructuring in European Union, factsheet number 63875, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63875.