German media group ProSiebenSat.1
(PSMGn.DE) will cut 400 full-time positions, the company said on Tuesday, as part of restructuring measures focusing on its entertainment activities.
"The aim is to achieve a more efficient structure, a competitive cost base, and processes clearly geared to digital transformation," the company said in a statement.
ProSiebenSat.1 said the company had agreed on a voluntary redundancy programme with employee representatives, with the first effects of the cuts to become visible in the fourth quarter of this year.