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.
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.11 - Printing of newspapers
100 jobs Number of planned job losses
Announcement Date
28 July 2014
Employment effect (start)
28 July 2014
Foreseen end date
31 December 2014
Description
Printing press Süddeutsche Societäts-Druckerei is going to be shut down by the end of the year which will make 100 jobs redundant. The closure is mainly due to the bankruptcy of local Munich newspaper Abendzeitung.
Süddeutsche Societäts-Druckerei belongs to Frankfurter Societäts-Medien which forms part of the Frankfurter Allgemeine Zeitung (FAZ) foundation. FAZ and media company Axel Springer are also among the costumers but printing the Abendzeitung was the main task of the printing press.
Sources
28 July 2014: FAZ Press Release
28 July 2014: horizont.net
28 July 2014: Focus Online
Citation
Eurofound (2014), Süddeutsche Societäts-Druckerei, Closure in Germany, factsheet number 77377, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77377.
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