Yell Group PLC

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.19 - Other publishing activities
1,300 jobs
Number of planned job losses
Job loss
Announcement Date
11 November 2008
Employment effect (start)
Foreseen end date
31 March 2010

Description

Yell Group PLC, a directories business and publisher of the Yellow Pages, is to cut 1,300 jobs thus reducing its total workforce of 13,900 employees by about 9%. The cuts are part of wider cost reductions which aim to compensate for the decline in group revenues. The company plans to implement the job losses by March 2010. Yell has operations in UK, US, Spain and Latin America. As of November 2008 there is no detailed information on the job losses but according to company spokesmen, the UK, US and the Spanish markets will most likely be the ones affected by the restructuring.

Sources

  • 11 November 2008: BBC News
  • 11 November 2008: The Guardian

Citation

Eurofound (2008), Yell Group PLC, Internal restructuring in World, factsheet number 67374, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67374.