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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.13 - Publishing Of Newspapers
100 jobs Number of planned job losses
Announcement Date
12 September 2023
Employment effect (start)
17 October 2023
Foreseen end date
Description
Stampen Media, a Swedish media company operating daily newspaper along the West coast, is to lay off 100 employees. The dismissals will affect mainly the advertising department, although cuts will also extend across all divisions.
According to the CEO, the company is forced to cut costs due to a decline in the advertising market which has heavily impacted the company's revenue. However they will continuing investing in their digital product.
Stampen Media is a Swedish media group with around 1,500 employees in total.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
