BMG

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Media
59 - Motion picture, video and television programme production, sound recording and music publishing activities
59.2 - Sound recording and music publishing activities
59.2 - Sound recording and music publishing activities
59 jobs
Number of planned job losses
Job loss
Announcement Date
27 May 2004
Employment effect (start)
27 May 2004
Foreseen end date
30 June 2004

Description

In May 2004, almost 20% of the jobs were to be cut at the German arm of Bertelsmann Music Group (BMG). At that date, the company had just over 300 staff; 59 of these jobs were to go. The job cuts form part of the company's planned restructuring measures. The restructuring programme within the company's German arm is expected to be concluded by the end of June 2004.

Sources

  • 27 May 2004: Financial Times Deutschland

Citation

Eurofound (2004), BMG, Internal restructuring in Germany, factsheet number 60438, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60438.