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
200 jobs Number of planned job losses
Announcement Date
27 December 2005
Employment effect (start)
1 January 2006
Foreseen end date
Description
Dutch publishing group Telegraaf Media Groep(TMG) will cut full-time jobs of the regional newspapers Dagblad De Limburger and Limburgs Dagblad after the Dutch anti-cartel watchdog Nederlandse Mededingingsautoriteit (NMa) approved the co-operation between the two regional newspapers, Hans Elekan, TMG spokesman said on 9 December 2005. NMa ruled on 7 December 2005 that TMG could integrate the editorial staff of the two regional newspapers in order to increase efficiency. Dagblad De Limburger and Limburgs Dagblad currently employ 400 full-time.
TMG will eventually cut some 200 full-time jobs at the company. Forced redundancies are not to be ruled out as part of the job cuts. The job cuts are part of a reorganisation programme and are due to structural and cyclic developments in the media market. TMG has cut the number of its full-time jobs from some 4,950 as at end-2000 to 4,360 as at mid-2005.
Sources
9 December 2005: Financiele Telegraaf
Citation
Eurofound (2005), Telegraaf Media Groep, Merger/Acquisition in Netherlands, factsheet number 62716, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62716.
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