Type
Merger/Acquisition
Country
Germany
Region
Location of affected unit(s)
Heidelberg, Kerpen, Bochum, Marburg
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

232 jobs
Number of planned job losses
Job loss
Announcement Date
6 June 2012
Employment effect (start)
6 June 2012
Foreseen end date

Description

As reported on 6 June 2012, German cable network operator Unitymedia will cut 232 jobs. This is due to a merger with Kabel BW. Job cuts will occur at the former Kabel BW headquarters in Heidelberg as well as in Kerpen and Bochum. A site in Marburg, currently employing 100 people, will be closed.

When the Federal Cartel Office agreed to the merger in December 2011, Unitymedia took over Kabel BW and its employees. In total, the company now employs 2,500 people. 


Sources

  • 6 June 2012: Handelsblatt

Citation

Eurofound (2012), Unitymedia, Merger/Acquisition in Germany, factsheet number 73684, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73684.