Jazztel

Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
100 - 120 jobs
Number of planned job losses
Job loss
Announcement Date
20 October 2006
Employment effect (start)
Foreseen end date

Description

Jazztel, the telecommunications company, announced on 20 October 2006 that it will dismiss between 100 and 120 employees out of its 735 employees in Spain, a figure that represents 15% of its staff in the country.

This decision is due to the fact that the company has doubled its losses in the first six months of 2006, reaching 112.9 million euros.

Most of the employees that are going to be dismissed are comercial staff and are working in projects that are about to be finished or abandoned. The dismissals have been arranged with the employees and communicated to the works council.

Sources

  • 20 October 2006: Expansión
  • 20 October 2006: El País

Citation

Eurofound (2006), Jazztel, Internal restructuring in Spain, factsheet number 64452, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64452.