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
314 - 320 jobs Number of planned job losses
Announcement Date
22 November 2012
Employment effect (start)
7 December 2012
Foreseen end date
31 January 2013
Description
As announced on November 22, 2012, German publishing company Gruner + Jahr will make some 320 people redundant by closing its subsidiary G + J Wirtschaftsmedien.
Job cuts will be realized by January 2013. G + J Wirtschaftsmedien is the publisher of the financial newspaper ‘Financial Times Deutschland’, which will cease its activities by December 7th. ‘Impulse’ and ‘Börse Online’, further magazines published by Gruner + Jahr, will be sold.
In total, G + J Wirtschaftsmedien employs some 350 people. Forced redundancies are not ruled out. Worker representatives announced to go into opposition to the proposed redundancies.
Sources
22 November 2012: Frankfurter Allgemeine Zeitung
24 November 2012: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2012), G+J Wirtschaftsmedien, Internal restructuring in Germany, factsheet number 74547, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74547.
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