Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Media
Motion picture, video and television programme production, sound recording and music publishing activities
Motion picture, video and television programme production, sound recording and music publishing activities
59 - Motion picture, video and television programme production, sound recording and music publishing activities

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2004
Employment effect (start)
Foreseen end date
1 March 2004

Description

Warner Music will cut its worldwide workforce by 20%, i.e. 1,000 out of 5,000 jobs. The redundancies will be effective within one month.


Sources

  • 3 March 2004: Les Echos

Citation

Eurofound (2004), Warner Music, Internal restructuring in World, factsheet number 59134, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59134.