Type
Internal restructuring
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid
Sector
Manufacturing
Manufacture, Printing And Reproduction Of Recorded Media
Printing And Reproduction Of Recorded Media
18.11 - Printing of newspapers

531 jobs
Number of planned job losses
Job loss
Announcement Date
31 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
30 April 2009

Description

The spanish Newspapers publishing GRUPO ZETA has announced that it is to dismiss 531 workers out of a total workforce of 2,300 staff. The job losses will be implemented by April 2009. The management said that the restructuring is an " indispensable step " to ensure the company's viability over the next three years.


Sources

  • 31 December 2008: El País

Citation

Eurofound (2008), Grupo ZETA, Internal restructuring in Spain, factsheet number 67947, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67947.