Type
Internal restructuring
Country
Sweden
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

130 jobs
Number of planned job losses
Job loss
Announcement Date
10 March 2016
Employment effect (start)
Foreseen end date

Description

Swedish media group Mittmedia is to cut 130 job positions following cost-saving needs of SEK130 million (€14 million) during 2017 and 2018. 90 editorial positions will be cut, which directly affects the newspapers owned by Mittmedia. An additional 40 positions will be cut from other departments of the media group. Mittmedia publishes a total of 28 newspapers in the middle and mid-northern parts of Sweden. The media group had a total revenue of SEK208 million (€22.4 million) in 2015.

The ERM has previously reported on redundancies at Mittmedia in 2012.


Sources

  • 10 March 2015: Dagens Media

Citation

Eurofound (2016), Mittmedia, Internal restructuring in Sweden, factsheet number 86848, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86848.