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 58.14 - Publishing of journals and periodicals
70 jobs Number of planned job losses
Announcement Date
29 July 2013
Employment effect (start)
1 October 2013
Foreseen end date
Description
Finnish publishing company Aller Media, part of the publishing house Aller Holding, has announced redundancies of up to 70 employees from Helsinki and Rovaniemi. As announced, the company has started negotiations with employee representatives that are going to be concluded in the next six weeks.
Aller publishes 8 magazines in Finland and operates 8 online portals. According to its announcement 70 of its approx. 270 employees may be laid off in Finland, equally divided between Helsinki and Rovaniemi.
The company is not profitable and has initiated a savings plan of 4 million euros. The announced restructuring would amount to one-quarter of the plan. The company seeks to conclude negotiations by mid-September.
Sources
29 July 2013: Helsingin Sanomat
29 July 2013: Aller Media (press release)
Citation
Eurofound (2013), Aller Media, Internal restructuring in Finland, factsheet number 75742, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75742.
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