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.
Media 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - Publishing of newspapers
200 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/69437.