Restructuring events
European Restructuring Monitor (ERM)
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.
Dutch publishing group Telegraaf Media Groep(TMG) will cut full-time jobs of the regional newspapers Dagblad De Limburger and Limburgs Dagblad after the Dutch anti-cartel watchdog Nederlandse Mededingingsautoriteit (NMa) approved the co-operation between the two regional newspapers, Hans Elekan, TMG spokesman said on 9 December 2005. NMa ruled on 7 December 2005 that TMG could integrate the editorial staff of the two regional newspapers in order to increase efficiency. Dagblad De Limburger and Limburgs Dagblad currently employ 400 full-time.
TMG will eventually cut some 200 full-time jobs at the company. Forced redundancies are not to be ruled out as part of the job cuts. The job cuts are part of a reorganisation programme and are due to structural and cyclic developments in the media market. TMG has cut the number of its full-time jobs from some 4,950 as at end-2000 to 4,360 as at mid-2005.
Eurofound (2005), Telegraaf Media Groep, Merger/Acquisition in Netherlands, factsheet number 62716, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62716.
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