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.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.1 - Printing and service activities related to printing
920 jobs Number of planned job losses
Announcement Date
10 April 2019
Employment effect (start)
10 April 2019
Foreseen end date
1 April 2021
Description
The printing company Prinovis, a subsidiary company of Bertelsmann, will be closing its plant in Nuremberg in April 2021, which will result in the loss of 920 jobs (670 full-time employees and 250 temporary workers). According to a Prinovis spokesperson, the closure is necessary due to a massive reduction of orders in the last years. The social plan will be financed by Bertelsmann. Prinovis will find solutions for employees willing to leave, starting now.
Currently, Prinovis has 8,500 employees worldwide.
Eurofound (2019), Prinovis, Closure in Germany, factsheet number 97565, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97565.
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