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
350 jobs Number of planned job losses
Announcement Date
22 January 2025
Employment effect (start)
22 January 2025
Foreseen end date
31 December 2025
Description
Schibsted Media, a Norwegian media group and owner of major newspapers in Norway and Sweden has announced plans to cut approximately 350 jobs worldwide in 2025.
The layoffs will affect employees across its operations in Norway, Sweden, Finland, and Poland. The conditions of the programme will be negotiated with employee representatives according to local regulations. The specific distribution of job cuts across the organisation, including editorial and commercial roles, has not yet been confirmed.
The restructuring comes as a response to declining print circulations, stagnating advertising revenues, and rising operational costs.
In 2024, Schibsted Media emerged from the split of Schibsted into two independent companies, becoming fully owned by the Tinius Trust Foundation, while Schibsted Marketplaces remained a publicly traded company. The company operates in Norway, Sweden, Finland and Poland, employing about 2,800 people.
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