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 - Motion picture, video and television programme production, sound recording and music publishing activities
175 jobs Number of planned job losses
Announcement Date
17 December 2004
Employment effect (start)
Foreseen end date
Description
Sony-BMG, the company formed through the merger of the music activities of Japanese consumer electronics group Sony and German media group Bertelsmann, is planning to cut 175 jobs in Berlin at the former headquarters of Sony Music Germany. Around 120 jobs will be lost and 52 more are to be offered a transfer. The merged company will count between 300 and 350 employees in Germany (470 at present).
Sources
17 December 2004: Frankfurter Allgemeine Zeitung
20 September 2004: Hamburger Abendblatt
Citation
Eurofound (2004), Sony BMG, Merger/Acquisition in Germany, factsheet number 60585, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60585.
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