Type
Internal restructuring
Country
Italy
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58 - Publishing activities

604 jobs
Number of planned job losses
Job loss
Announcement Date
12 November 2009
Employment effect (start)
Foreseen end date
31 December 2011

Description

Mondadori is to cut 604 jobs by the end of 2011. According to the company, the cost-cutting plan is due to the negative effects of current economic crisis on the publishing market. The workforce reduction is to be implemented through other job reduction measures than direct dismissals such as early retirements, voluntary resignations, non-renewal of the temporary contracts.

Mondadori is one of the main publisher group in Italy, with more than fifty subsidiary and associated companies. Its main shareholder is the Fininvest group. In Italy it has around 2,900 employees.


Sources

  • 13 November 2009: Il Sole 24 Ore

Citation

Eurofound (2009), Mondadori, Internal restructuring in Italy, factsheet number 69842, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69842.