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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.14 - Publishing of journals and periodicals
149 jobs Number of planned job losses
Announcement Date
2 December 2015
Employment effect (start)
2 December 2015
Foreseen end date
31 December 2016
Description
Der Spiegel, German news magazine, will cut 149 out of 730 jobs in Hamburg by the end of 2016. This job reduction will include 35 employees from the print-edition department, 14 employees from documentation and 100 employees from its publishing house. Since 2007, the Spiegel Publishing house has seen its turnover and profits drop by 19% and 48%. The job cuts, which will not affect the newspaper's online and TV divisions, will mostly be carried out in 2016.
Der Spiegel is a German weekly news magazine based in Hamburg. It was founded in 1947 and currently employs around 1,200 staff in Germany including 730 employees in Hamburg.
Sources
2 December 2015: Frankfurter Rundschau Online
2 December 2015: Die Zeit online
2 December 2015: Die Welt Online
2 December 2015: Handelsblatt
Citation
Eurofound (2015), Der Spiegel, Internal restructuring in Germany, factsheet number 85707, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85707.
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