EMCC European Monitoring Centre on Change



Geographic Location

Country: World


Sector: Information / communication
IT and other information services
62.09 - Other information technology and computer service activities
Number Employed: 20000
Group: Time Warner

Employment Effects

Announcement Date: 03-08-2006
Planned Job Reductions min: 5000
Planned Job Reductions max: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-08-2006
Foreseen End Date: 31-12-2006

Additional Information

On 3 August 2006 internet provider AOL announced to cut about 3,000 jobs in Germany, France and Great Britain. Worldwide, 5,000 jobs will be cut within the next six months. The announcement came just a day after AOL said it would start offering its e-mail and multimedia services to broadband users for free, as part of a drive to compete better with Yahoo and Google.