The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(58 - 60) Media 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - Publishing of newspapers
90 jobs Number of planned job losses
Announcement Date
21 September 2004
Employment effect (start)
Foreseen end date
Description
Le Monde, the French newspaper, has announced on 21 September 2004 its intention to shed 90 people: 27 employees, 28 middle-management and 35 journalists. The newspaper has indeed registered a loss of € 9.2 million last year and hopes to return to profitability with this move. Unions have been shocked by the speed of the decision making and have opposed the application of the restructuring programme before the end of October.
Sources
21 September 2004: Les Echos
Citation
Eurofound (2004), Le Monde, Internal restructuring in France, factsheet number 60617, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60617.
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