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

2,000 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2011
Employment effect (start)
Foreseen end date
20 January 2012

Description

The publishing group PRISA, which is composed of newspapers, broadcasting and radio enterprises, has announced an internal restructuring plan which includes 2,000 job losses in Spain and 500 in Portugal and America by the first quarter of 2012. The restructuring plan will include early retirement and outsourcing measures, pending talks with local unions. The group hopes that the plan will increase efficiency and it is worth noting that the group has not ruked out the possibility of a second restructuring phase in Spain, which could further reduce the workforce.


Sources

  • 25 January 2011: El País

Citation

Eurofound (2011), PRISA, Internal restructuring in Spain, factsheet number 71516, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71516.