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.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18 - Printing and reproduction of recorded media
100 jobs Number of planned job losses
Announcement Date
23 July 2008
Employment effect (start)
Foreseen end date
31 December 2010
Description
On 23 July 2008, Schlott Group, a media service provider for printing and direct marketing, announced to cut 100 jobs at its site in Nuremberg. The job cuts are part of the company's cost-reduction programme in response to a decline in demand for its products. The implementation of the restructuring programme will save approximately EUR 5 milion. Other cost cutting measures include the introduction of flexible working-time arrangements and avoiding wages above the general pay scale.
Sources
24 July 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Schlott, Internal restructuring in Germany, factsheet number 66907, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66907.
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