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 16 May 2013 newspaper publishers Wegener and Media Groep Limburg, the Mecom Group's Dutch operations, announced plans to cut more than 500 jobs by 2015.
In detail, the plan (525-545 redundancies) refers to 125 jobs in the editorial boards, 100 jobs in the support services and 60-70 ones in the printing operations (with the possibility of closure for 2 of them).
The restructuring is due to a sharp fall on advertising revenues in 2012 (compared to 2011).
The consultation period with the works council is expected to end by the end of July.
For previous restructuring see Wegener 2012, Wegener 2008, Wegener 2006a, Wegener 2006b, Wegener 2005 and Wegener 2002.
Updated, 13-07-2013
As announced, the Dutch newspaper publisher Wegener is to close only one of its printing operations.
The closure refers only to the printing site in Enschede which currently employs 61 people, whereas at the Heerlen site only job cuts will take place. The timeline for the restructuring is not yet available.
Eurofound (2013), Wegener, Internal restructuring in Netherlands, factsheet number 75662, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75662.
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