EMCC European Monitoring Centre on Change

Quam

Company/Organisation:
Quam

Geographic Location

Country: Germany

Company

Sector: Information / communication
Telecommunications
61 - Telecommunications
Number Employed: 900
Group: Telefónica

Employment Effects

Announcement Date: 07-08-2002
Planned Job Reductions min: 800
Planned Job Reductions max: 800
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-09-2002

Additional Information

Restructuring of 90% of the Quam working force. This is due to poor results of the German company as virtual cellular operator with the technologies GSM and GPRS. Quam will also shut down, in the middle-term, the fifteen selling points in Germany.