Wissen Media Verlag

Type
Closure
Country
Germany
Region
Nordrhein-Westfalen; Detmold; Gütersloh
Location of affected unit(s)
Gütersloh
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
150 - 300 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2013
Employment effect (start)
1 January 2014
Foreseen end date
30 June 2014

Description

German publisher Wissen Media, a subsidiary of the media group Bertelsmann will close, making up to 300 employees redundant. This measure was taken due to a decreasing demand for the printed version of the German encyclopedia Brockhaus, which the company published since 1810.

Sources

  • 11 June 2013: RP Online
  • 11 June 2013: Spiegel

Citation

Eurofound (2013), Wissen Media Verlag, Closure in Germany, factsheet number 75560, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75560.