RTL Group to restructureLuxembourg activities not affected

RTL Today
The Board of Directors has mandated the Executive Committee to review the role and size of RTL Group's Corporate Centre in Luxembourg which currently employees 190 individuals.
© RTL

Those employees affected were told today that the group plans to reduce this entity by a third.

As part of this mandate, the Executive Committee will also explore whether certain corporate positions could be transferred to Cologne. The review is expected to be completed by end of September 2019.

The reorganisation will take place over the next few weeks in collaboration with personnel delegations.

RTL Group's Luxembourg-based operations will not be affected by the planned re-organisation, as more than 600 individuals will continue to work at the Kirchberg site.

Management cited substantial changes in the industry as a cause, highlighting the need to re-allocate resources and reduce costs.

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