Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

800 jobs
Number of planned job losses
Job loss
Announcement Date
7 August 2002
Employment effect (start)
Foreseen end date
1 September 2002

Description

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.


Sources

Citation

Eurofound (2002), Quam, Internal restructuring in Germany, factsheet number 59111, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59111.