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 58.1 - Publishing of books, periodicals and other publishing activities
600 - 640 jobs Number of planned job losses
Announcement Date
11 February 2013
Employment effect (start)
31 March 2013
Foreseen end date
31 March 2015
Description
RCS MediaGroup, an international multimedia publishing group, is to cut 800 jobs, up to 640 of which in Italy.
The company has announced to the RCS European Works Council (EWC) the new business plan that proposes 800 job cuts in Europe. In Italy, 600-640 employees will be affected by the restructuring plan which also includes the sale or closure of 10 magazines. Moreover the company will sell the historic headquarter of the newspaper Corriere della Sera, located in the centre of Milan.
The EWC reacted to the company’s decision, criticizing the plan and organizing protest actions.
RCS currently has around 5,000 employees in Europe, of which 3000 in Italy.
Sources
11 February 2013: La Repubblica
Citation
Eurofound (2013), RCS Mediagroup, Internal restructuring in Italy, factsheet number 74912, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74912.
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