Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Professional Services
Professional Services And Management Consultancy
Activities Of Head Offices; Management Consultancy Activities
70 - Activities of head offices; management consultancy activities

700 jobs
Number of planned job losses
Job loss
Announcement Date
16 December 2003
Employment effect (start)
1 December 2003
Foreseen end date
1 December 2006

Description

In the frame of "Project Atlas", VNU will take in 2003 a reorganisation charge of approximately 30 million euros. Over a three-year period, Marketing Information is expected to reduce its workforce by almost 700 FTEs, part of which will come from natural attrition.


Sources

  • 16 December 2003: VNU - Press release

Citation

Eurofound (2003), VNU Marketing Information, Internal restructuring in World, factsheet number 58976, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58976.