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.
Swedish media group Aller Media will conduct 100 lay-offs in the summer of 2018, half of which affecting journalists. The goal is to save SEK 110 milion (€1,073 milion). CEO Bodil Ericsson Torp says that the savings are a response to reduced revenues in the print press segment.
According to the trade union chairman of the Journalist League of Aller Media, there are no retirement offers and the notice will be applied as soon as possible.
Aller Media has offices in both Stockholm and Malmö, and publishes magazines and weekly newspapers such as Allers, The Year, Swedish Women's Magazine, Elle and Café. The planned measure is affecting employees in both locations.
Eurofound (2018), Aller Media, Internal restructuring in Sweden, factsheet number 94281, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94281.