EMCC European Monitoring Centre on Change

BMG

Company/Organisation:
BMG

Geographic Location

Country: World

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
59.2 - Sound recording and music publishing activities
Number Employed: 4500
Group: Bertelsmann AG

Employment Effects

Announcement Date: 22-04-2003
Planned Job Reductions min: 400
Planned Job Reductions max: 459
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-05-2002
Foreseen End Date: 30-06-2004

Additional Information

The integration of the American label Zomba could lead to the suppression of 400 jobs on a total of 2,000. Bertelsmann plans to close the Zomba office in Kôln for the end of May 2003. In May 2004, almost 20% of the jobs were to be cut at the German arm of Bertelsmann Music Group (BMG). At that date, the company had just over 300 staff; 59 of these jobs were to go. The job cuts form part of the company's planned restructuring measures, which have also affected its business in North America. The restructuring programme within the company's German arm is expected to be concluded by the end of June.