EMCC European Monitoring Centre on Change

AOL

Company/Organisation:
AOL

Geographic Location

Country: European Union

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Group: Time Warner

Employment Effects

Announcement Date: 03-08-2006
Planned Job Reductions min: 3000
Planned Job Reductions max: 3000
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 within the next six months. Worldwide, 5,000 jobs will be cut. 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.