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.
By means of acquisitions in several European countries Mecom has become a leading European regional publisher with operations in Norway, Denmark, the Netherlands, Germany, Poland, Sweden, Ukraine and Lithuania. The primary focus of Mecoms business is on regional newspapers. In addition, Mecom operates national titles and associated media in magazines, television, radio, on-line and direct marketing markets.
After several acquisitions in 2006 Mecom is restructuring its business in Europe, organised in Mecom Europe, resulting in reducing the workforce in Norway (700), Denmark (350), Poland (100) and the Netherlands (60). More job cuts may come.
New cuts have been announced several times throughout the year - in Poland on 5 November 2006 and in Norway the last 200 job cuts were announced on 20 December 2006.
The employees have established a European Works Council and asked in their meeting on 21 November 2006 for a seat at the Board of Mecom plc.
Eurofound (2006), Mecom Europe, Internal restructuring in European Union, factsheet number 64687, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64687.