Restructuring events
European Restructuring Monitor (ERM)
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.
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.
The ERM has previously reported on redundancies at MTV in April and June 2015.
Eurofound (2016), MTV Media, Internal restructuring in Finland, factsheet number 87279, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87279.