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.
Media Publishing activities Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - Publishing of newspapers
569 jobs Number of planned job losses
Announcement Date
18 January 2009
Employment effect (start)
1 April 2008
Foreseen end date
31 December 2008
Description
Lambrakis Press, a leading organization in the mass media in Greece, underwent a downsizing of 569 employees throughout the last 9 months due to internal restructuring plans.
Lambrakis Press:
publishes, along with its subsidiaries, a total of 4 newspapers (including the two top Greek newspapers "TA NEA" and "To VIMA") and 24 magazines
co-owns and operates one of the largest industrial printing facilities in South-Eastern Europe, that covers all stages of printing
runs two travel agencies and
is the largest single shareholder in the top press distribution agency in Greece
is active in the book publishing and maintains its presence in bookstore outlets
participates in "MEGA Channel" television station as well as in two of the largest TV production studios in Greece
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