EMCC European Monitoring Centre on Change

One

Company/Organisation:
One

Geographic Location

Country: Austria
Region: Wien; Ostösterreich
Location of affected unit(s): Wien

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 1104

Employment Effects

Announcement Date: 12-05-2004
Planned Job Reductions min: 225
Planned Job Reductions max: 225
Type of Restructuring: Internal restructuring
Direct Dismissals: 225

Additional Information

In the context of intensified competition within Austria’s mobile phone market, the country’s third largest mobile phone provider, One, announced the dismissal of 225 of its 1,104 employees within the next months. The workforce concerned by the restructuring is not yet specified, and should be by the end of June 2004. According to management, the savings done in labour costs will be allocated to the marketing department. The company’s CEO, Jorgen Bang-Jensen, indicated that a social plan for the employees concerned is being worked out. Moreover, it is planned to set up a special fund for hardship compensation financed by parts of the managers’ salaries.