Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Detmold; Gütersloh
Location of affected unit(s)
Gütersloh
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58 - Publishing activities

100 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2020
Employment effect (start)
21 September 2020
Foreseen end date
1 January 2021

Description

As announced on 21 September 2020, the German media firm Bertelsmann will be cutting 100 jobs at its headquarter in Gütersloh until 2021 due to internal restructuring. Bertelsmann is facing a drop in sales of 40% due to the COVID-19 crisis and needs to adapt to the new market environment. Therefore, Bertelsmann will be restructuring its entire corporate center in Gütersloh by 2021. The goal of the restructuring is to save €35 million annually. Management and works council will start negotiations shortly. CEO Rabe emphasised that there will be a socially acceptable solution for every employee.

Currently, Bertelsmann has 700 employees in Güterloh.


Sources

Citation

Eurofound (2020), Bertelsmann, Internal restructuring in Germany, factsheet number 101871, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101871.