Restructuring events
European Restructuring Monitor (ERM)
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.
On 4 May 2017, German public-service television broadcaster ZDF announced to cut 141 full-time positions in Mainz, Rhineland-Palatinate, by 2020.
Income from TV licences fell short of the expected figures which is the main reason for the job reduction measures as the expected surplus of €184 million dropped to €88 million in the ongoing contribution period.
Also German public-service television broadcaster ARD recently announced to cut 370 jobs (ARD, 2017).
Eurofound (2017), ZDF, Internal restructuring in Germany, factsheet number 90836, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90836.