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.
Alma Aluemedia, which is part of media group Alma Media, has announced redundancies of up to 135 full-time equivalents from its regional newspapers in Finland. The company has started mandatory negotiations with the employee representatives on the cuts.
Alma Aluemedia publishes several major as well as smaller regional and local newspapers. The company intends to increase collaboration between the papers. This would lead to a reduction of 135 full-time equivalents from the current 810 employees. The cuts can affect all regional and local papers and all other personnel groups except delivery personnel. The timeline of the restructuring is yet to be announced.
Updated, 12-06-2012: Alma has concluded negotiations and confirms redundancies of 98-103 full-time equivalents. Up to 44 employees will be dismissed, while another 59 will be cut by other means.
Eurofound (2012), Alma Aluemedia, Internal restructuring in Finland, factsheet number 73493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73493.