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
250 jobs Number of planned job losses
220 jobs Number of planned job creations
Announcement Date
3 December 2008
Employment effect (start)
3 December 2008
Foreseen end date
3 January 2009
Description
The Herald and Times Group, a newspaper publisher, has announced that it has made all 250 of its journalists and publishing staff redundant. The company, based in Glasgow, said it could rehire up to 220 of these staff if they accepted different terms and conditions. The company plans to advertise these new jobs in 30 days’ time.
Sources
3 December 2008: BBC News
3 December 2008: Financial Times
4 December 2008: The Guardian
Citation
Eurofound (2008), Herald and Times Group, Internal restructuring in United Kingdom, factsheet number 67569, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67569.
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