Type
Internal restructuring
Country
Sweden
Region
Stockholm; Stockholms län;
Location of affected unit(s)
Stockholm
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

65 - 85 jobs
Number of planned job losses
Job loss
Announcement Date
30 September 2011
Employment effect (start)
30 September 2011
Foreseen end date
30 December 2011

Description

On 30 september 2011 Schibsted Media Group announced that they will reduce the cost base in the business area Media Houses Scandinavia by around NOK 200 million. In Sweden, the administration will reduce the cost base by around SEK 150 million and around half of the effect is a result of reduced number of headcount. The largest savings in Sweden will be within Aftonbladet where between 65-85 jobs will be cut.

Aftonbladet Hierta Aktiebolag is a subsidarity of the scandinavian media group Schibsted. In 2009, Schibsted's Swedish activities were merged into one company, Schibsted Sverige AB, which consists of three entities: Aftonbladet, Svenska Dagbladet and Schibsted Tillväxtmedier. 


Sources

  • 30 September 2011: Gp.se

Citation

Eurofound (2011), Aftonblandet Hierta Aktiebolag, Internal restructuring in Sweden, factsheet number 72441, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72441.