Sony BMG

Type
Merger/Acquisition
Country
Germany
Region
Berlin; Berlin; Berlin
Location of affected unit(s)
Sector
Media
59 - Motion picture, video and television programme production, sound recording and music publishing activities
59 - Motion picture, video and television programme production, sound recording and music publishing activities
59 - Motion picture, video and television programme production, sound recording and music publishing activities
175 jobs
Number of planned job losses
Job loss
Announcement Date
17 December 2004
Employment effect (start)
Foreseen end date

Description

Sony-BMG, the company formed through the merger of the music activities of Japanese consumer electronics group Sony and German media group Bertelsmann, is planning to cut 175 jobs in Berlin at the former headquarters of Sony Music Germany. Around 120 jobs will be lost and 52 more are to be offered a transfer. The merged company will count between 300 and 350 employees in Germany (470 at present).

Sources

  • 17 December 2004: Frankfurter Allgemeine Zeitung
  • 20 September 2004: Hamburger Abendblatt

Citation

Eurofound (2004), Sony BMG, Merger/Acquisition in Germany, factsheet number 60585, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60585.