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 Programming, broadcasting, news agency and other content distribution activities Programming, broadcasting, news agency and other content distribution activities 60 - Programming, broadcasting, news agency and other content distribution activities
80 - 90 jobs Number of planned job losses
Announcement Date
9 February 2009
Employment effect (start)
Foreseen end date
Description
Bloomberg Multimedia, the TV and Radio Division of the financial data company, is to cut between 80 and 90 of its London staff. The cuts represent up to 40% of the current staffing level of 225. The company is making the cuts as its TV and Radio operations have been making a loss. As of 15 February 2009, it has not been announced when these redundancies will occur.
Eurofound (2009), Bloomberg Multimedia, Internal restructuring in United Kingdom, factsheet number 68161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68161.
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