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 Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59.2 - Sound recording and music publishing activities
1,500 - 2,000 jobs Number of planned job losses
Announcement Date
15 January 2008
Employment effect (start)
15 January 2008
Foreseen end date
Description
UK-based EMI Group, the leading music publisher, has announced that it is to cut between 1,500 and 2,000 jobs worldwide as a result of its restructuring plan. According to spokesman, the measures will be implemented within its Recorder Music division where roughly 4,500 people are currently employed. The company is to reduce costs by 200 million GBP per year.
Sources
16 January 2008: Hospodárske noviny
Citation
Eurofound (2008), EMI, Internal restructuring in World, factsheet number 66203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66203.
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