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.
On 26 April 2006, publishing house Wegener (newspapers) announced that it will cut down its annual expenses by 25 million euro. 325 Jobs will be lost in pursuit of this objective.
Wegener will set up a central editorial office for all of its daily papers to provide them with (inter)national news in order to enable the individual papers to focus their attention on the regional news. About half of the jobs (154) that will be lost concerns journalist positions. The commercial division will lose 115 jobs and 58 other position will disappear.
Eurofound (2006), Wegener, Internal restructuring in Netherlands, factsheet number 63434, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63434.