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 58.13 - Publishing of newspapers
100 jobs Number of planned job losses
Announcement Date
8 July 2004
Employment effect (start)
8 July 2004
Foreseen end date
31 July 2006
Description
Publishing house Hollandse Dagbladcombinatie (HDC) Media, a subsidiary of the Dutch publisher De Telegraaf Holding NV will cut some 100 jobs in the next few years in the framework of an ongoing reorganisation of the company. HDC Media announced earlier that it would lay off some 180 people due to the restructuring. A total of 40 layoffs will be performed at the company's management, 25 will be dismissed from the company's advertisement activities, the staff of the editorial office of HDC will be reduced by 30 and six employees of the company's staff involved in circulation activities of HDC Media will be dismissed. At present, the staff of HDC Media totals some 800.
Sources
8 July 2004: Betten Beursmedia News
Citation
Eurofound (2004), HDC, Internal restructuring in Netherlands, factsheet number 60554, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60554.
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