Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

300 - 350 jobs
Number of planned job losses
Job loss
Announcement Date
15 February 2012
Employment effect (start)
1 March 2012
Foreseen end date
31 December 2012

Description

On 15 February 2012, newspaper publisher Wegener announced it will cut 300 to 350 jobs until the end of 2012.

The aim is to reduce costs by 20 to 25 million Euros and pave the way for a new focus on digital media, which at present accounts for only 6% of the firm's earnings. Wegener has faced a substantial drop in the number of advertisements.

Wegener has granted the union for journalists' insight into its books.


Sources

  • 16 February 2012: De Volkskrant

Citation

Eurofound (2012), Wegener, Internal restructuring in Netherlands, factsheet number 73121, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73121.