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.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18 - Printing and reproduction of recorded media
107 jobs Number of planned job losses
Announcement Date
29 September 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Gravure printer Prinovis, a subsidiary of the media company Bertelsmann, will cut 107 out of 800 positions at Nuernberg. After months of protests, the decision has been finalised by arbitration. While Trade union ver.di remains critical, the works council stated to be in favour of the restructuring decision. According to the management representative, job cuts are decided on the one hand due to an overproduction as a result of techological efficiency and on the other hand due to a decline in orders.
Sources
29 September 2011: Nuernberger Nachrichten
Citation
Eurofound (2011), Prinovis, Internal restructuring in Germany, factsheet number 72462, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72462.
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