Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

3,000 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 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.


Sources

  • 4 August 2006: Handelsblatt

Citation

Eurofound (2006), AOL, Internal restructuring in European Union, factsheet number 63875, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63875.