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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59.11 - Motion picture, video and television programme production activities
80 jobs Number of planned job losses
Announcement Date
10 September 2012
Employment effect (start)
Foreseen end date
Description
MTV Media, a Finnish media company owned by Swedish Bonnier, has announced redundancies of up to 80 full-time equivalents. The company is starting negotiations with employee representatives.
MTV, not to be confused with its international music namesake, was a pioneer in Finnish commercial broadcasting. It currently operates TV and radio channels as well as network services. The lay-off negotiations will impact its whole personnel with the exception of Radio Nova channel. The company announced that it needs to restructure in order to meet upcoming challenges in the media business.
MTV's union has criticised the redundancies as "unfair" and the parent company Bonnier for "unfair expectations". It has further noted that the announcement is imprecise and that it wants further explanations for the proposed cuts.
Sources
10 September 2012: YLE News
10 September 2012: Helsingin Sanomat
9 October 2012: MTV3 News
Citation
Eurofound (2012), MTV Media, Internal restructuring in Finland, factsheet number 74100, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74100.
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