The journalist guild (known as a Works Council in Germany) at Der Spiegel, Germany’s top news weekly, has warned of an “existential crisis” if management continues with its modernization plan.
Der Spiegel’s editor-in-chief Wolfgang Buechner wants to re-write job descriptions for each post and let both online and print journalists vie anew for each spot. The company also will offer generous buyouts to entice early retirements of older staff. Bertlesmann, Europe’s publishing giant, recently purchased some 24 percent of its shares. The family of Der Spiegel’s founder owns the remaining stock. Continue reading