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 Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59.2 - Sound recording and music publishing activities
59 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60438.
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