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.
Nordrhein-Westfalen; Köln; Leverkusen, Kreisfreie Stadt
Location of affected unit(s)
Sector
Media 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - Publishing of newspapers
100 jobs Number of planned job losses
Announcement Date
18 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 December 2005
Description
The regional newspaper Schweriner Volkszeitung will cut almost one third of its workforce. The reason for the restructuring is shrinking revenues because of lower sales and advertisement turnover. Early retirement and job-sharing are supposed to cushion the impact of the job losses.