Ringier Axel Springer Polska

Type
Internal restructuring
Country
Poland
Region
Location of affected unit(s)
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.12 - Publishing of newspapers
160 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2022
Employment effect (start)
1 November 2022
Foreseen end date
31 December 2022

Description

Ringier Axel Springer Polska (RASP), a Polish branch of the media and tech company, has made an announcement to reduce its 2,000 employees workforce by 8% by the end of the year.The reasons cited by the company's spokesperson include rapid costs increase and difficult market conditions.

The company will be engaged in talks with trade unions for up to 20 days, concerning the collective dismissals.

The positions that are to be reduced, relate to newspaper and online news services, as RASP have announced they will be shutting down two websites, a newspaper, and will reduce the number of issues of another newspaper.

Most job reductions will affect Warsaw-based positions.

Sources

Citation

Eurofound (2022), Ringier Axel Springer Polska, Internal restructuring in Poland, factsheet number 107619, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107619.