WAZ-Gruppe

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen;
Location of affected unit(s)
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.12 - Publishing of newspapers
200 jobs
Number of planned job losses
Job loss
Announcement Date
24 March 2013
Employment effect (start)
24 March 2013
Foreseen end date
31 December 2013

Description

German publishing company WAZ-Gruppe is to cut 200 jobs. The company aims to reduce costs by one fifth until 2014. The job cuts affect the editorial department and the administration section. Recently, WAZ has announced to cut 120 people employed at its subsidiary Westfälische Rundschau (please see here).

Sources

  • 24 March 2013: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2013), WAZ-Gruppe, Internal restructuring in Germany, factsheet number 75183, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75183.