Germany: 430 "voluntary redundancies" to be made within the broadcasting group ProSiebenSat.1

ProSiebenSat.1 is to reduce its workforce by 430 full-time positions in order "to streamline the process structure and increase cost efficiency," announced the German broadcasting group on 07/05/2025. "The job cuts will be carried out in a socially responsible manner through a voluntary redundancy programme."

"ProSiebenSat.1 is taking the next step in its digital transformation: After the Group recently achieved important strategic progress despite a challenging economic environment and is now focusing even more strongly on the Entertainment business, it is now moving forward with the further development of its organisation," explained the broadcaster.

"In the second quarter of 2025, a provision for restructuring in the mid to high double-digit million euro range will be recognised in connection with this. The restructuring expenses will have no impact on the adjusted EBITDA and adjusted net income, but will result in a one-time charge to net income and free cash flow. The impact of the reduced material and personnel expenses will be particularly visible in the second half of 2025…