Frankfurter Allgemeine Zeitung

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.12 - Publishing of newspapers
150 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
17 September 2014
Employment effect (start)
17 September 2014
Foreseen end date

Description

Frankfurter Allgemeine Zeitung announced plans to cut 150 to 200 jobs within the next three years. As reported, the company suffers from a weak advertising situation and ran high losses in 2012 and 2013. 40 of the job cuts refer to staff journalists. Currently, FAZ employs around 900 people in total.

Sources

  • 17 September 2014: Handelsblatt
  • 16 September 2014: Financial Times

Citation

Eurofound (2014), Frankfurter Allgemeine Zeitung, Internal restructuring in Germany, factsheet number 77572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77572.