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| 400 jobs go as German paper is 'saved' | 400 jobs go as German paper is 'saved' |
| (7 months later) | |
| The German newspaper that filed for insolvency last November, Frankfurter Rundschau, appears to have been saved after Germany's competition commission approved its takeover by Frankfurt's Allgemeine Zeitung. | The German newspaper that filed for insolvency last November, Frankfurter Rundschau, appears to have been saved after Germany's competition commission approved its takeover by Frankfurt's Allgemeine Zeitung. |
| But hundreds will lose their jobs. It is reported by Deutsche Welle that only 30 or so of the paper's 450 staff will be invited to stay on. | But hundreds will lose their jobs. It is reported by Deutsche Welle that only 30 or so of the paper's 450 staff will be invited to stay on. |
| Insolvency administrators previously rejected as unsustainable a rival purchase bid for the paper from the Turkish media concern Burak Akbay. | Insolvency administrators previously rejected as unsustainable a rival purchase bid for the paper from the Turkish media concern Burak Akbay. |
| Source: Deutsche Welle | Source: Deutsche Welle |
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