Type
Merger/Acquisition
Country
World
Region
Location of affected unit(s)
USA, India
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.19 - Other publishing activities

900 jobs
Number of planned job losses
Job loss
Announcement Date
10 March 2011
Employment effect (start)
1 April 2011
Foreseen end date
31 December 2011

Description

On 10 March 2010, the management of the American Internet group AOL (5000 employees) announced their intention to cut 900 jobs. The job losses affect 200 employees in the US deemed redundant in the wake of the Huffington Post purchase. 400 jobs will also be cut in India.


Sources

  • 10 March 2011: AFP Liaisons sociales
  • 11 March 2011: Les Echos (www.lesechos.fr)
  • 10 March 2011: The Financial Times (www.ft.com)

Citation

Eurofound (2011), AOL, Merger/Acquisition in World, factsheet number 71775, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71775.