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
70 jobs Number of planned job losses
Announcement Date
2 September 2014
Employment effect (start)
1 January 2015
Foreseen end date
Description
Swedish nation-wide tabloid newspaper Expressen announced that it is cutting 70 jobs in order to reduce costs. Approximately 50 positions will be cut from newsroom services and the restructuring will affect all three newsrooms of the tabloid, in Stockholm, Gothenburg and Malmo. The cost saving plan will have full effect by the start of 2015.
The nature of the job-reduction measures is yet unknown. 'I am reluctant to comment on the reduction measures before we have conducted negotiations with the union' - said Editor in Chief Thomas Mattsson in response to the announcement.
Expressen is one of the leading tabloid newspapers in Sweden with an annual turnover of 1.3 billion SEK (approximately €1.4 million) and a total of 530 employees. In 2001 the company underwent a major restructuring to increase its cost effectiveness.
Sources
2 September 2014: Medievärlden
2 September 2014: Dagens Nyheter
Citation
Eurofound (2014), Kvällstidningen Expressen, Internal restructuring in Sweden, factsheet number 77503, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77503.
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