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
2,500 jobs Number of planned job losses
Announcement Date
25 January 2011
Employment effect (start)
1 February 2011
Foreseen end date
31 March 2012
Description
Grupo Prisa is planning to cut 2500 jobs. The Spanish media conglomerate Grupo Prisa will reduce its staff by 2500 employees, which is roughly 18% of its workforce. Most redundancies (2000) will take place in Spain, another 500 jobs will be lost in Portugal and the Americas. Not all jobs cuts will come through direct dismissals. Grupo Prisa will stimulate early retirements, voluntary exits, externalizing self-employed contracts, etc. Grupo Prisa is one of the leading Spanish media conglomerates, with fincincial stakes in newspapers, tv and radio.
Sources
25 January 2011: Expansion Media
Citation
Eurofound (2011), PRISA, Internal restructuring in World, factsheet number 71707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71707.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...