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 Publishing Activities 58.13 - Publishing of newspapers
50 jobs Number of planned job losses
Announcement Date
23 October 2012
Employment effect (start)
4 January 2013
Foreseen end date
Description
Mediabolaget Västkusten, publisher of several local and free newspapers in towns on the Swedish west coast, will let go of 50 of its 350 employees due to diminishing advertising revenues. The company hopes to accomplish the downsizing completely through voluntary resignations compensated for by severance pay. Offers have been presented to older staff members with a deadline for response at the latest on January 4 2013.
As of October 2012, there is no information on when the planned reductions will be implemented by.
Sources
26 October 2012: Media World
Citation
Eurofound (2012), Mediabolaget Västkusten, Internal restructuring in Sweden, factsheet number 74394, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74394.
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