Type
Internal restructuring
Country
United Kingdom
Region
London;
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Programming And Broadcasting Activities
60 - Programming and broadcasting activities

80 - 90 jobs
Number of planned job losses
Job loss
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.


Sources

Citation

Eurofound (2009), Bloomberg Multimedia, Internal restructuring in United Kingdom, factsheet number 68161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68161.