Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Amsterdam, London
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

91 - 189 jobs
Number of planned job losses
Job loss
Announcement Date
20 December 2018
Employment effect (start)
Foreseen end date

Description

VEON is a multinational telecommunication services company with their headquarters located in Amsterdam. Due to an internal restructuring around 100 tech-related employees in London and Amsterdam will be let go. Details about how many of those 100 jobs are located in Amsterdam have not been revealed. In addition, VEON is reducing the head office jobs by around 90 to reduce operating costs. 

Around 40,000 people work worldwide for the group.


Sources

Citation

Eurofound (2018), VEON, Internal restructuring in European Union, factsheet number 96291, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96291.