Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
Sector
Information / Communication
Information Service Activities
Information Service Activities
63.91 - News agency activities

98 jobs
Number of planned job losses
Job loss
Announcement Date
29 November 2012
Employment effect (start)
29 November 2012
Foreseen end date

Description

As announced on November 29, 2012 German press agency dapd will cut 98 jobs. This is due to the insolvency of dapd.

Dapd filed for insolvency in October since the company created losses by about one million a month. In total, the agency employs 515 people.


Sources

  • 4 October 2012: Financial Times Deutschland
  • 29 November 2012: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2012), dapd, Bankruptcy in Germany, factsheet number 74638, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74638.