Restructuring events
European Restructuring Monitor (ERM)
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.
Mondadori is to cut 604 jobs by the end of 2011. According to the company, the cost-cutting plan is due to the negative effects of current economic crisis on the publishing market. The workforce reduction is to be implemented through other job reduction measures than direct dismissals such as early retirements, voluntary resignations, non-renewal of the temporary contracts.
Mondadori is one of the main publisher group in Italy, with more than fifty subsidiary and associated companies. Its main shareholder is the Fininvest group. In Italy it has around 2,900 employees.
Eurofound (2009), Mondadori, Internal restructuring in Italy, factsheet number 69842, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69842.