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 - Publishing activities
50 jobs Number of planned job losses
Announcement Date
24 March 2015
Employment effect (start)
Foreseen end date
1 October 2015
Description
Aller Media is cutting its staff by 50 full-time positions in Norway. The staff cuts will affect various magazines and its newspaper Dagbladet in Oslo. This means that at least 10 percent of the company’s staff of about 500 will be laid off.
Aller Media is a fully owned subsidiary of Aller Holding, a leading player in the nordic media groups, with subsidiaries in Denmark, Norway, Sweden and Finland.
Aller Media needs to cut costs by 80 million NOK before October, due to falling sales of its printed media. Aller Media has spent tens of millions on severance packages over the last few years, and announced that it was offering additional severance packages to its employees in February 2015. However, the results of this process were reportedly not satisfactory. With the current need to cut costs, the company can no longer afford to offer severance packages to those affected by the upcoming round of restructuring. When the restructuring was first announced, by other media, Aller Media had not informed its employees or the company union branch. Union leaders called the move highly unusual and expressed considerable surprise, refusing further comment.
Sources
24 March 2015: Kampanje
26 March 2015: Journalisten
9 February 2015: Journalisten
Citation
Eurofound (2015), Aller Media, Internal restructuring in Norway, factsheet number 79256, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79256.
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