Telegraaf Media Groep

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.13 - Publishing of journals and periodicals
425 jobs
Number of planned job losses
Job loss
Announcement Date
15 August 2008
Employment effect (start)
Foreseen end date

Description

Telegraaf Media Groep, a Dutch media and publishing company, announced on 15 August 2008 that it is to cut 425 jobs out of a total of 3,500. According to a the company spokesperson, forced dismissal are inevitable. The job losses are due to the decresing income from advertisements and a loss of € 175 mln in the first semester of 2008.

Sources

  • 15 August 2008: NRC Handelsblad

Citation

Eurofound (2008), Telegraaf Media Groep, Internal restructuring in Netherlands, factsheet number 67170, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67170.