PRISA

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
spain and portugal
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers
2,500 jobs
Number of planned job losses
Job loss
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71707.