The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.1 - Printing and service activities related to printing
470 jobs Number of planned job losses
Announcement Date
11 August 2020
Employment effect (start)
11 August 2020
Foreseen end date
1 January 2025
Description
As announced on 11 August 2020, the Bertelsmann owned printing plant Mohn Media will cut 470 positions until 2025 due to internal restructuring. Affected sites include Gütersloh and Marienfeld which have combined 2,000 employees – an exact distribution of cuts has yet to be published. First plans for restructuring were made at the end of 2019 due to business difficulties. The COVID-19 crisis has now accelerated the implementation of the job reduction.
The restructuring will be carried out gradually and in a social manner. According to the management, 60 employees have already left the company since the beginning of the year, 70 roles have been filled in by temporary workers and about 100 employees are to retire in the years 2023, 2024 and 2025. Of the remaining 240 workers, 100 are expected to leave Mohn Media via natural fluctuation and around 80% of the remaining 140 employees are eligible for part-time retirement programmes.
Management will start negotiations with the works council shortly to determine the exact conditions of the restructuring.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
