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

106 jobs
Number of planned job losses
Job loss
Announcement Date
30 July 2009
Employment effect (start)
Foreseen end date
1 January 2010

Description

Mondadori, one of the main Italian publisher, is to cut 106 jobs (out of 3,861 employees). In July 2009 the company announced a reorganisational plan in order to reduce costs. According to the company, this reduction is due to the negative effects of current economic crisis on the publishing market. The Mondadori Group has more than fifty subsidiary and associated companies, and covers the whole range of publishing activities.


Sources

  • 30 July 2009: Il Sole 24 Ore
  • 28 July 2009: ItaliaOggi

Citation

Eurofound (2009), Mondadori, Internal restructuring in Italy, factsheet number 69436, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69436.