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

200 jobs
Number of planned job losses
Job loss
Announcement Date
25 August 2009
Employment effect (start)
Foreseen end date
1 September 2010

Description

The 24 Ore group, one of the main Italian multimedia publishing organisations, is to cut 200 jobs, of which around 40 should be journalists. According to the company, the reorganisational plan is mainly due to the negative effects on the publishing markets produced by the current economic recession. The 24 Ore group is a multimedia publishing organisation, specialized in business, financial, professional and cultural information. Its most popular newspaper is Il Sole 24 Ore. It has 2,279 employees, over 470 of whom are journalists. The main shareholder is Confindustria, the main Italian employers' association.


Sources

  • 27 August 2009: La Provincia di Sondrio

Citation

Eurofound (2009), The 24 Ore Group, Internal restructuring in Italy, factsheet number 69437, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69437.