Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58 - Publishing activities

111 jobs
Number of planned job losses
Job loss
Announcement Date
12 December 2004
Employment effect (start)
Foreseen end date

Description

The company Lusomundo Media announced a restructuring plan affecting 111 workers, whose contracts will be terminated by mutual agreement. The amount of the compensation for the 111 workers corresponds to about 9 million euros, thus, each worker will receive, on average, 85,000 euros.

Lusomundo Media is the owner of radio TSF and periodicals ‘Diário de Notícias’, ‘Jornal de Notícias’, ‘24Horas’ and ‘Tal & Qual’.


Sources

  • 20 December 2004: Correio da Manhã

Citation

Eurofound (2004), Lusomundo Media, Internal restructuring in Portugal, factsheet number 60956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60956.