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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58 - Publishing activities
700 jobs Number of planned job losses
Announcement Date
7 February 2023
Employment effect (start)
7 February 2023
Foreseen end date
1 January 2025
Description
As announced on 7 February 2023, publisher Gruner + Jahr (G+J) will now begin cutting 700 jobs until 2025 due to internal restructuring. In this timeframe, the company's owner, Bertelsmann, intends to either shut down or sell 23 of its magazine titles. Managment plans to cut 500 jobs in administration – mainly in Hamburg. An additional 200 jobs will be cut due to the sale of magazine titles. Bertelsmann intends to focus on its core titles and will be investing €80 million in the publishing house Gruner + Jahr until 2025.
Trade union ver.di's National Executive Christoph Schmitz and the national chairman of the German Journalists' Association (DJV), Frank Überall, criticised that the decision to discontinue magazines was 'justified by nothing but unscrupulous profit maximization.'. 250 publishing employees demonstrated at Hamburg's Rathausmarkt against the plans.
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.
