Urgent.News

What's breaking now, across thousands of outlets.

Business

Internetkonzern: United Internet streicht bei Tochterfirmen rund 800 Stellen

Zahlreiche Mitarbeiter bei 1&1 und Ionos verlieren ihre Jobs im Zuge der Restrukturierung. 55 Millionen Euro sollen so jährlich eingespart werden.

Original German Read in English

Internetkonzern: United Internet streicht bei Tochterfirmen rund 800 Stellen

United Internet, a major internet conglomerate, announced plans to eliminate around 800 jobs across its subsidiaries 1&1 and Ionos. The company announced the restructuring measures on Thursday, stating that the goal is to enhance its competitiveness and future prospects. The restructuring efforts are expected to result in a one-time impact on profit of approximately €95 million for the current year.

Once the programs are fully implemented, United Internet anticipates annual savings of about €55 million, which will be reinvested into the company's development. The 2026 projected operating result (Ebitda) of €1.45 billion and group revenue remain unaffected by these special costs. At the telecommunications subsidiary 1&1, the Business Customers division, 1&1 Versatel, is affected.

The company plans to reduce its full-time workforce from approximately 1,350 to around 1,000, aiming to streamline management structures and reduce hierarchical levels. 1&1 expects to incur one-time expenses of around €60 million for this program in 2026. After the complete implementation, starting from the fiscal year 2028, the company anticipates an annual profit contribution of approximately €25 million.

The job cuts are expected to be carried out in a socially acceptable manner, including part-time retirement and voluntary programs.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Thursday 10 September →