dapd

Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
Sector
Media
60 - Programming, broadcasting, news agency and other content distribution activities
60.3 - News agency and other content distribution activities
60.31 - News agency activities
175 jobs
Number of planned job losses
Job loss
Announcement Date
11 April 2013
Employment effect (start)
29 November 2012
Foreseen end date
11 April 2013

Description

German press agency dapd will cut 175 jobs. This is due to insolvency. The company filed for insolvency in October 2012 and in March 2013. In November 2012, the agency already announced to cut 98 jobs (see here). The company will cease its operation on April 11.

Sources

  • 11 April 2013: Handelsblatt (online)

Citation

Eurofound (2013), dapd, Bankruptcy in Germany, factsheet number 75472, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75472.