Axel Springer

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58 - Publishing activities
266 jobs
Number of planned job losses
Job loss
Announcement Date
6 September 2006
Employment effect (start)
Foreseen end date

Description

On 6 September 2006, one of the leading German publishing houses Axel Springer, announced its plans to cut 266 jobs within its administration departments. This is part of the publishing house’s strategy to increase its annual rate of return. In 2005, Springer employed 10,166 people in Germany and generated total revenues of 391.5 million euro. Springer’s headquarter is situated in Berlin. There is no information available on the employment effect timeline.

Sources

  • 6 September 2006: Handelsblatt

Citation

Eurofound (2006), Axel Springer, Internal restructuring in Germany, factsheet number 64045, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64045.