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.
Swedish publishing group Stampen is cutting 100 jobs within its printing company V-TAB. In addition, Stampen is cutting 34 positions within its media business, including 14 editorial positions, 16 positions within media services and 4 graphic design positions. Stampen has been going through a company reconstruction during the spring of 2016 and the company has large debts and diminishing revenue. The 34 redundancies within the media business is expected to save SEK 25 million (€2.6 million) annually. The redundancies within the printing and distribution section of Stampen is a direct effect of diminishing demand of printed media and therefore diminishing revenue. Of the 100 positions to be cut within Stampens printing company V-TAB, 45 will be cut during the spring of 2017 and the remaining 55 during the following autumn. The Stampen group has a total of 2,807 employees.
Eurofound (2016), Stampen (V-TAB), Internal restructuring in Sweden, factsheet number 89279, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89279.
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