Wegener & PCM

Type
Merger/Acquisition
Country
Netherlands
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers
325 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2005
Employment effect (start)
Foreseen end date
31 August 2005

Description

Planned merger between Dutch national daily Algemeen Dagblad (AD) and seven regional newspapers at the end of August 2005 will result in some 325 job cuts, the publishers of the involved newspapers PCM and Wegener said. The seven regional newspapers are De Dordtenaar, Rijn en Gouwe, de Haagsche Courant/Goudsche Courant, Utrechts Nieuwsblad/Amersfoortse Courant and Rotterdams Dagblad. The merged newspaper will have some 800 employees. The merger is still subject to the approval of the relevant regulatory authorities.

Sources

  • 18 March 2005: Eindhovens Dagblad

Citation

Eurofound (2005), Wegener & PCM, Merger/Acquisition in Netherlands, factsheet number 61332, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61332.