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 58.13 - Publishing of newspapers
190 jobs Number of planned job losses
Announcement Date
6 December 2016
Employment effect (start)
Foreseen end date
31 December 2016
Description
Major Polish media group Agora has announced that it will cut 135 jobs by the end of 2016. The restructuring programme is associated with the group’s plan to cease the publication of Metrocafe.pl, the free daily newspaper. The move is a response to the current condition of the printed press sector, including the process of digitalisation of the media market. The programme aims to reduce employment costs in the press segment. The strategy of the group also envisages a decrease of revenue generated from advertising in daily newspapers. At the same time, Agora expects to continue to increase its income from selling subscription to online version of its titles.
Agora, publisher of ‘Gazeta Wyborcza’ and owner of an internet portal, has been operating since 1989. The group is one of the largest media companies in Poland.
Update 6/12/2016: Agora has announced that it will cut in total 190 jobs via collective dismissal programme by the end of 2016.
Sources
4 October 2016: Onet.pl
6 December 2016: Money
Citation
Eurofound (2016), Agora, Internal restructuring in Poland, factsheet number 88856, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88856.
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