Restructuring events
European Restructuring Monitor (ERM)
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.
On 15 February 2012, newspaper publisher Wegener announced it will cut 300 to 350 jobs until the end of 2012.
The aim is to reduce costs by 20 to 25 million Euros and pave the way for a new focus on digital media, which at present accounts for only 6% of the firm's earnings. Wegener has faced a substantial drop in the number of advertisements.
Wegener has granted the union for journalists' insight into its books.
Eurofound (2012), Wegener, Internal restructuring in Netherlands, factsheet number 73121, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73121.