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 Programming And Broadcasting Activities 60 - Programming and broadcasting activities
100 jobs Number of planned job losses
Announcement Date
29 September 2004
Employment effect (start)
Foreseen end date
Description
More than 100 staff are predicted to lose their jobs as a result of the £711 million merger between Capital and GWR, with advertising sales forces expected to bear the brunt. The companies said today the merger would mean a duplication of roles in the 1,550-strong workforce. Most of the cuts, which will help to save £7.5 million a year, will come from the merging of the two groups' sales houses, where job losses have been put at ‘less than 100' out of a combined staff of 200.
Sources
29 September 2004: The Guardian
Citation
Eurofound (2004), Capital Radio/GWR, Merger/Acquisition in United Kingdom, factsheet number 60544, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60544.
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