Gruner + Jahr cuts 60 jobs
The Hamburg-based printing and publishing company Gruner + Jahr is cutting costs. As the industry news service Kress reported on Thursday, the company plans to lay off nearly 60 employees.
The Hamburg-based printing and publishing house Gruner + Jahr is putting the brakes on costs. As the business news service Kress reported on Thursday, the company intends to let go of almost 60 employees. They will receive a redundancy offer these days, which they can accept until the end of November. The offer provides for a fixed amount of 50,000 euros as well as payments that are staggered according to length of service.
The austerity measure apparently has nothing to do with the current crisis on the financial markets. It has allegedly been in preparation since the summer. The publishing house told Kress that no redundancies are "currently" planned. It has already imposed a hiring freeze in response to the financial crisis and the uncertain stock market situation.
Gruner + Jahr, the largest printing and publishing house in Europe, publishes titles including Stern, Geo, Financial Times Deutschland, Gala, Brigitte and P.M.. It is almost 75 percent owned by the Bertelsmann Group.
The austerity measure apparently has nothing to do with the current crisis on the financial markets. It has allegedly been in preparation since the summer. The publishing house told Kress that no redundancies are "currently" planned. It has already imposed a hiring freeze in response to the financial crisis and the uncertain stock market situation.
Gruner + Jahr, the largest printing and publishing house in Europe, publishes titles including Stern, Geo, Financial Times Deutschland, Gala, Brigitte and P.M.. It is almost 75 percent owned by the Bertelsmann Group.
