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.
Media 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - Publishing of newspapers
325 jobs Number of planned job losses
Announcement Date
17 March 2005
Employment effect (start)
Foreseen end date
31 August 2005
Description
Planned merger between Dutch national daily Algemeen Dagblad (AD) and seven regional newspapers at the end of August 2005 will result in some 325 job cuts, the publishers of the involved newspapers PCM and Wegener said. The seven regional newspapers are De Dordtenaar, Rijn en Gouwe, de Haagsche Courant/Goudsche Courant, Utrechts Nieuwsblad/Amersfoortse Courant and Rotterdams Dagblad. The merged newspaper will have some 800 employees. The merger is still subject to the approval of the relevant regulatory authorities.
Sources
18 March 2005: Eindhovens Dagblad
Citation
Eurofound (2005), Wegener & PCM, Merger/Acquisition in Netherlands, factsheet number 61332, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61332.
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