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

300 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2012
Employment effect (start)
10 May 2012
Foreseen end date

Description

As announced on 10 May 2012, German telecommunications company NextiraOne will cut 300 of 750 jobs in Germany. This is part of NextiraOne's cost reduction plan.

On 23 April, NextiraOne filed for insolvency. The company's plan includes the downsizing of administrative functions and various other measures.


Sources

  • 10 May 2012: NextiraOne Press Release
  • 11 May 2012: Märkische Allgemeine

Citation

Eurofound (2012), NextiraOne, Bankruptcy in Germany, factsheet number 73710, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73710.