Restructuring events
European Restructuring Monitor (ERM)
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.
Grupo Prisa is planning to cut 2500 jobs. The Spanish media conglomerate Grupo Prisa will reduce its staff by 2500 employees, which is roughly 18% of its workforce. Most redundancies (2000) will take place in Spain, another 500 jobs will be lost in Portugal and the Americas. Not all jobs cuts will come through direct dismissals. Grupo Prisa will stimulate early retirements, voluntary exits, externalizing self-employed contracts, etc. Grupo Prisa is one of the leading Spanish media conglomerates, with fincincial stakes in newspapers, tv and radio.
Eurofound (2011), PRISA, Internal restructuring in World, factsheet number 71707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71707.