Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Hamburg, Dusseldorf, Berlin, Munich
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

140 jobs
Number of planned job losses
Job loss
Announcement Date
11 January 2010
Employment effect (start)
Foreseen end date

Description

The internet service provider AOL has announced to cut 140 jobs in Germany and the closure of its four German offices in Berlin, Dusseldorf, Hamburg and Munich. This is part of a programme to restructure AOL's worldwide operation following the split from TimeWarner. The company invests around $200 million in this programme reducing its total workforce by one-third. AOL currently has offices in 11 countries but plans to close most European sites but not those in London and Dublin.


Sources

  • 12 January 2010: Financial Times Deutschland
  • 12 January 2010: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2010), AOL, Internal restructuring in Germany, factsheet number 70067, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70067.