EMCC European Monitoring Centre on Change

Prinovis

Company/Organisation:
Prinovis

Geographic Location

Country: Germany
Region: Nürnberg, Kreisfreie Stadt; Mittelfranken; Bayern
Location of affected unit(s): Nürnberg

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
18.1 - Printing and service activities related to printing
Number Employed: 8500
Group: Bertelsmann

Employment Effects

Announcement Date: 10-04-2019
Planned Job Reductions min: 920
Planned Job Reductions max: 920
Type of Restructuring: Closure
Employment Effect Start: 10-04-2019
Foreseen End Date: 01-04-2021
Other Job Reduction Measures: 920

Additional Information

The printing company Prinovis, a subsidiary company of Bertelsmann, will be closing its plant in Nuremberg in April 2021, which will result in the loss of 920 jobs (670 full-time employees and 250 temporary workers). According to a Prinovis spokesperson, the closure is necessary due to a massive reduction of orders in the last years. The social plan will be financed by Bertelsmann. Prinovis will find solutions for employees willing to leave, starting now.

Currently, Prinovis has 8,500 employees worldwide.