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

150 jobs
Number of planned job losses
Job loss
Announcement Date
8 May 2012
Employment effect (start)
5 October 2012
Foreseen end date

Description

The newspaper El Mundo, which belongs to the group Unidad Editorial, will apply for a Redundancy Procedure affecting between 170 and 190 employees. The measure is blamed on the drop of the advertising investment. 

UPDATE 5/10/2012: The Redundancy Procedure which has been finally agreed with the unions will affect 150 employees. Dismissed workers will receive a compensation equal to 35 days per year worked and 5000 euro.


Sources

  • 8 May 2012: El País
  • 5 October 2012: El País

Citation

Eurofound (2012), El Mundo, Internal restructuring in Spain, factsheet number 74290, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74290.