PopNet Internet AG
PopNet Internet AG english
Structural changes in core business
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Structural changes in core business
Hamburg, 16th November 01 – The PopNet Internet AG announces significant
structural changes in order of the current opening of insolvency proceedings.
After shortening the staff within the administrative business areas by circa 25,
next job cuts within its core business were undertaken. Approximately 50
employees of PopNet Kommunikation GmbH & Co. KG, a wholly owned subsidiary of
PopNet Internet AG, are affected by this. The on schedule cutback in employment
affects all business areas and all German locations in Hamburg, Munich and
Frankfurt. The result is a powerful organisation in the core business, which
guarantees circa 100 jobs at the three German locations. In spite of entering
insolvency proceedings positive customer relations and order entries could be
maintained on a constant level. All affected parties are confident as far as
projected developments and future customer businesses are concerned. For the
remaining profitable business unit goal-directed talks with potential investors
are already scheduled. In close cooperation with PopNet’s preliminary insolvency
administrator further and deeper information concerning the concretion and the
close perspectives of PopNet Kommunikation GmbH & Co. KG will be published as
soon as possible to employees, partners and the financial market.
Contact: PopNet Internet AG, Investor Relations, Tel.: +49 (0)40 2 78 27 149,
eMail: investor-relations@popnet.de
end of ad-hoc-announcement (c)DGAP 16.11.2001
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WKN: 622810; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
160813 Nov 01
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