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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Information And Communication Equipment In Specialised Stores 47.43 - Retail sale of audio and video equipment in specialised stores
200 jobs Number of planned job losses
Announcement Date
30 April 2014
Employment effect (start)
30 April 2014
Foreseen end date
31 December 2014
Description
Electronics retail chain Media-Saturn announced to cut 200 jobs at its site in Ingolstadt. As announced the cost cutting measure will be implemented by means of natural attrition and in a socially acceptable manner. As reported, the restructuring is in a bid to cut administrative expenses. According to the sources the employees are expressing fears that the number of job cuts may be increased.Â
Sources
30 April 2014: Donaukurier.de
2 May 2014: Süddeutsche Zeitung
3 May 2014: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2014), Media-Saturn, Internal restructuring in Germany, factsheet number 76979, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76979.
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