Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities
59.2 - Sound recording and music publishing activities

1,500 - 2,000 jobs
Number of planned job losses
Job loss
Announcement Date
15 January 2008
Employment effect (start)
15 January 2008
Foreseen end date

Description

UK-based EMI Group, the leading music publisher, has announced that it is to cut between 1,500 and 2,000 jobs worldwide as a result of its restructuring plan. According to spokesman, the measures will be implemented within its Recorder Music division where roughly 4,500 people are currently employed. The company is to reduce costs by 200 million GBP per year.


Sources

  • 16 January 2008: Hospod├írske noviny

Citation

Eurofound (2008), EMI, Internal restructuring in World, factsheet number 66203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66203.