Restructuring events
European Restructuring Monitor (ERM)
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.
The Administrative Board of Ethnos and Sunday Ethnos, two of the leading Greek newspapers, announced on 16th January 2009, a downsizing of up to 100 employees due to losses of more than 10 million euros per year.
Ethnos (the first newspaper published in tabloid form) and Sunday Ethnos (first to offer a separate insert on leisure activities) are both part of the Pegasus Publishing Group -a head company of a group of enterprises within the field of Mass Media.
The Group mainly publishes newspapers and magazines while it also offers other companies Pre-press services (electronic format, layout, photo adjustment etc) and then undertakes the delivery of the final products which are the newspaper, the magazine as well as any other form of mass media products, advertising booklets etc.
Eurofound (2009), Ethnos & Sunday Ethnos, Internal restructuring in Greece, factsheet number 67841, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67841.
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