Internal restructuring
Norge; Oslo og Akershus; Oslo
Location of affected unit(s)
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.14 - Publishing of journals and periodicals

102 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
31 March 2010


On 2nd of February 2009, the publishing group Hjemmet Mortensen, part of the Egmont group, announced the loss of 120 jobs. It has been known since October 2008 that the company planned to cut its costs by up to 160 million NOK, and there have been internal discussions about the measures since then.

The decision to cut the jobs is attributed to falling sales and decline in revenues from advertising. In October, the management announced cost cuts to modernize and increase the company's competitveness. The final measures were announced in meetings with the employees on 2nd of February 2009.

The company offers severance pay, guaranteed salary, support for further education and start-up of business projects,  as well as early retirement arrangements, and hopes that these measures will be sufficient. The journalist shop steward told the union magazine Journalisten that the union is not satisfied with the limitation of maximium severance pay (20,5 monthly salaries) and the size of support to those retiring early (50.000 NOK distributed over 5 years).



Eurofound (2009), Hjemmet Mortensen, Internal restructuring in Norway, factsheet number 67992, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67992.