Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61.20 - Wireless telecommunications activities

300 jobs
Number of planned job losses
Job loss
Announcement Date
4 March 2015
Employment effect (start)
4 March 2015
Foreseen end date
31 December 2015

Description

German telecommunication services provider Freenet is to cut 300 out of 5,000 jobs in Germany by the end of 2015. Several departments such as revision, marketing and sales will be affected.

The restructuring programme is determined to reduce costs, streamline processes and functions. Management and works council have coordinated their interests. However, it is not yet clear if operational dismissals will be necessary. According to a spokeswoman, the reduction shall mainly be implemented by not prolonging temporary contracts.

Freenet employs around 5,000 people and has run profits of around €250 million in 2014.


Sources

  • 4 March 2015: Kieler Nachrichten Online

Citation

Eurofound (2015), Freenet, Internal restructuring in Germany, factsheet number 78772, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78772.