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
120 jobs Number of planned job losses
Announcement Date
2 October 2011
Employment effect (start)
2 October 2011
Foreseen end date
29 February 2012
Description
ETHNOS, a leading newspaper in Greece, announced 120 dismissals at its site in Athens. According to media sources, Ethnos publisher announced his plans for the 120 redundancies in the beginning of October as well as plans for the unification of the daily and Sunday edition.
Journalists of the newspaper reacted to this announcement calling for the General Assembly in the end of October in order to organize themselves.
The Newspaper ETHNOS was published for the first time in 1930 and re-launched in 1981. It was the first newspaper printed in tabloid form. Today it is one of the enterprises of the Pegasus Publishing Group.
Sources
1 October 2011: Isotimia
2 October 2011: TO PARON
Citation
Eurofound (2011), ETHNOS, Internal restructuring in Greece, factsheet number 72686, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72686.
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