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
1,200 jobs Number of planned job losses
Announcement Date
5 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2007
Description
By means of acquisitions in several European countries Mecom has become a leading European regional publisher with operations in Norway, Denmark, the Netherlands, Germany, Poland, Sweden, Ukraine and Lithuania. The primary focus of Mecoms business is on regional newspapers. In addition, Mecom operates national titles and associated media in magazines, television, radio, on-line and direct marketing markets.
After several acquisitions in 2006 Mecom is restructuring its business in Europe, organised in Mecom Europe, resulting in reducing the workforce in Norway (700), Denmark (350), Poland (100) and the Netherlands (60). More job cuts may come.
New cuts have been announced several times throughout the year - in Poland on 5 November 2006 and in Norway the last 200 job cuts were announced on 20 December 2006.
The employees have established a European Works Council and asked in their meeting on 21 November 2006 for a seat at the Board of Mecom plc.
Sources
14 December 2006: Berlingske Tidende
5 November 2006: Gazeta Wyborcza
21 November 2006: Parat Media
21 December 2006: Propaganda
Citation
Eurofound (2006), Mecom Europe, Internal restructuring in European Union, factsheet number 64687, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64687.
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