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
224 jobs Number of planned job losses
Announcement Date
21 April 2016
Employment effect (start)
31 May 2016
Foreseen end date
1 July 2016
Description
Spanish media firm, Unidad Editorial, has announced that it will apply a labour force adjustment affecting 224 employees, or around 20% of its entire workforce. The plan will affect 94 workers from the newspaper El Mundo, 16 workers from the economic newspaper Expanisón and 24 from the sport newspaper Marca. The employment adjustment will be executed in a month and it is foreseen that it will finish before July. With the measure, the company aims to cut costs by €15 million in two years.
Sources
21 April 2016: Cinco Días
Citation
Eurofound (2016), Unidad Editorial, Internal restructuring in Spain, factsheet number 87375, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87375.
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