Type
Merger/Acquisition
Country
Germany
Region
Nordrhein-Westfalen;
Location of affected unit(s)
Mannheim, Bochum, Bremen
Sector
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities

70 jobs
Number of planned job losses
Job loss
Announcement Date
5 September 2014
Employment effect (start)
5 September 2014
Foreseen end date

Description

On 5 September 2014, IT company iSoft announced to cut 60 out of 330 jobs at its sites in Mannheim, Bochum and Bremen. In August, iSoft was acquired by Radiomed. The management named high personnel costs as the main reason for the job reduction.

UPDATE 2014-12-05: As reported by economo on 26 November 2014, Radiomed has cut 70 instead of 60 jobs after the acquisition of iSoft.


Sources

  • 26 November 2014: Econo
  • 5 September 2014: Econo

Citation

Eurofound (2014), iSoft, Merger/Acquisition in Germany, factsheet number 77564, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77564.