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
545 jobs Number of planned job losses
Announcement Date
20 January 2023
Employment effect (start)
20 January 2023
Foreseen end date
31 January 2024
Description
Prinovis, a subsidiary of the Bertelsmann media group, announced that it will cut 545 jobs by closing its site in Ahrensburg, Schleswig-Holstein.
The company cites the sharp drop in demand for catalogues, magazines and inserts as the reason for the closure. In addition, paper and energy prices have risen enormously. The printing plant is to cease operations on 31 January 2024. According to the company, the job cuts will be carried out in a socially acceptable way and in cooperation with the works council.
The works council and the trade union Verdi do not agree with this decision. They want to examine the situation and will decide on further steps.
In recent years, Bertelsmann had already closed gravure printing plants at other locations - Itzehoe, Dresden and Nuremberg.
Eurofound (2023), Prinovis, Closure in Germany, factsheet number 108828, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108828.
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