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

224 jobs
Number of planned job losses
Job loss
Announcement Date
21 April 2016
Employment effect (start)
31 May 2016
Foreseen end date
1 July 2016

Description

Spanish media firm, Unidad Editorial, has announced that it will apply a labour force adjustment affecting 224 employees, or around 20% of its entire workforce. The plan will affect 94 workers from the newspaper El Mundo, 16 workers from the economic newspaper Expanisón and 24 from the sport newspaper Marca. The employment adjustment will be executed in a month and it is foreseen that it will finish before July. With the measure, the company aims to cut costs by €15 million in two years. 


Sources

  • 21 April 2016: Cinco Días

Citation

Eurofound (2016), Unidad Editorial, Internal restructuring in Spain, factsheet number 87375, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87375.