NDC

Type
Internal restructuring
Country
Netherlands
Region
Noord-Nederland;
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
100 - 105 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2014
Employment effect (start)
10 December 2014
Foreseen end date
1 July 2015

Description

Newspaper group NDC Mediagroup announced it will cut 100 to 105 jobs by 01 July 2015. The reason for the restructuring is the continuing loss of readers of printed newspapers, and the drop of income from advertisements. The new internet activities do not compensate sufficiently for this loss, thus job cuts are needed. 

Sources

  • 20 November 2014: nrc.nl
  • 10 December 2014: Het Financieele Dagblad
  • 10 December 2014: volkskrant.nl

Citation

Eurofound (2014), NDC, Internal restructuring in Netherlands, factsheet number 77997, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77997.