Type
Internal restructuring
Country
Germany
Region
Mecklenburg-Vorpommern; Schwerin; Kreisfreie Stadt
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

100 jobs
Number of planned job losses
Job loss
Announcement Date
18 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 December 2005

Description

The regional newspaper Schweriner Volkszeitung will cut almost one third of its workforce. The reason for the restructuring is shrinking revenues because of lower sales and advertisement turnover. Early retirement and job-sharing are supposed to cushion the impact of the job losses.


Sources

Citation

Eurofound (2005), Schweriner Volkszeitung, Internal restructuring in Germany, factsheet number 62465, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62465.