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
26 September 2006
Employment effect (start)
1 October 2006
Foreseen end date
31 December 2007
Description
On 26 September 2006, the Cologne-based publishing company M.DuMont Schauberg announced plans to reduce the workforce of the newspaper company 'Frankfurt Rundschau' by more than a quarter. No precise data were provided on the types of jobs that will be affected. Plans comprise the loss of 200 jobs until the end of 2007 and the reduction of an unknown number of jobs at local editorial offices.
In July 2006, DuMont Schauberg acquired 50% of the shares and one additional vote of the newspaper company from DDVG, the media company of the Social Democratic Party. It remains to be seen whether DuMont's job reduction plans will actually be realised.
Sources
27 September 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Frankfurter Rundschau, Merger/Acquisition in Germany, factsheet number 64169, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64169.
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