Type
Internal restructuring
Country
Sweden
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
10 December 2012
Employment effect (start)
10 December 2012
Foreseen end date
10 December 2015

Description

Mittmedia, newspaper publisher and media group, is to let go of up to 150 employees due to dropping subscriptions and profits from advertisement. Mittmedia publishes 17 local newspapers in middle and mid-northern Sweden, and a weekly magazine. The group also runs a printing company and operates web news services, commercial radio stations and free newspapers. Of the redundancies, 100 will affect editorial staff.

To avoid direct dismissals employees are encouraged to leave on early retirement. Long time employees are also offered severance pay.

The reductions are to be completely implemented within three years’ time.


Sources

  • 10 December 2012: Sveriges Radio

Citation

Eurofound (2012), Mittmedia, Internal restructuring in Sweden, factsheet number 74630, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74630.