Type
Closure
Country
Germany
Region
Bayern; Oberbayern; München
Location of affected unit(s)
München-Maisach
Sector
Manufacturing
Manufacture, Printing And Reproduction Of Recorded Media
Printing And Reproduction Of Recorded Media
18.11 - Printing of newspapers

100 jobs
Number of planned job losses
Job loss
Announcement Date
28 July 2014
Employment effect (start)
28 July 2014
Foreseen end date
31 December 2014

Description

Printing press Süddeutsche Societäts-Druckerei is going to be shut down by the end of the year which will make 100 jobs redundant. The closure is mainly due to the bankruptcy of local Munich newspaper Abendzeitung.

Süddeutsche Societäts-Druckerei belongs to Frankfurter Societäts-Medien which forms part of the Frankfurter Allgemeine Zeitung (FAZ) foundation. FAZ and media company Axel Springer are also among the costumers but printing the Abendzeitung was the main task of the printing press.   


Sources

Citation

Eurofound (2014), Süddeutsche Societäts-Druckerei, Closure in Germany, factsheet number 77377, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77377.