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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60 - Programming and broadcasting activities
225 jobs Number of planned job losses
Announcement Date
13 November 2008
Employment effect (start)
13 November 2008
Foreseen end date
1 June 2009
Description
On 13 November 2008, the second largest TV group in Europe Pro Sieben Sat.1 Media announced to cut 225 jobs. The job cuts are part of a restructuring programme affecting all employees at the group's four free TV channels Pro Sieben, Sat.1, Kabel eins and N 24 as well as at the company’s sales and administration units. Apart from the job cuts, 350 Sat. 1 employees are to move from their current workplaces in Berlin to Munich. The media group plans on placing all operations of its TV channels Pro Sieben, Sat. 1 and Kabel in a single building by June 2009. The restructuring programme is to generate annual cost savings of EUR 100 million. The company employs around 3000 staff in Germany.
Sources
13 November 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Pro Sieben Sat.1, Internal restructuring in Germany, factsheet number 67387, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67387.
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