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 Programming And Broadcasting Activities 60.2 - Television programming and broadcasting activities
30 jobs Number of planned job losses
Announcement Date
7 April 2016
Employment effect (start)
Foreseen end date
Description
MTV Media, a Finnish media company owned by the Swedish Bonnier group, has initiated employer-employee negotiations aiming to cut 30 jobs. The reason for the redundancies are negative margins. MTV will restructure and intend to double the domestic budget in order to focus more on domestic TV content in order to increase profitability. MTV currently has 300 employees in Finland.
Eurofound (2016), MTV Media, Internal restructuring in Finland, factsheet number 87279, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87279.
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