Restructuring events
European Restructuring Monitor (ERM)
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.
On 13 November 2008, the second largest TV group in Europe Pro Sieben Sat.1 Media announced to cut 225 jobs. The job cuts are part of a restructuring programme affecting all employees at the group's four free TV channels Pro Sieben, Sat.1, Kabel eins and N 24 as well as at the company’s sales and administration units. Apart from the job cuts, 350 Sat. 1 employees are to move from their current workplaces in Berlin to Munich. The media group plans on placing all operations of its TV channels Pro Sieben, Sat. 1 and Kabel in a single building by June 2009. The restructuring programme is to generate annual cost savings of EUR 100 million. The company employs around 3000 staff in Germany.
Eurofound (2008), Pro Sieben Sat.1, Internal restructuring in Germany, factsheet number 67387, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67387.
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