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 60 - Programming, broadcasting, news agency and other content distribution activities 60.1 - Radio broadcasting and audio distribution activities 60.1 - Radio broadcasting and audio distribution activities
136 jobs Number of planned job losses
Announcement Date
29 January 2013
Employment effect (start)
1 February 2013
Foreseen end date
28 February 2013
Description
ABC Punto Radio will close at the end of February and all 136 employees will be dismissed.
The majority of the staff will get severance pay equal to 38 days' wages per year worked. Between 70% and 80% of staff earning less than EUR35,000 a year will receive an additional flat sum of EUR2,000.
Sources
29 January 2013: Cinco Días
Citation
Eurofound (2013), ABC Punto Radio, Closure in Spain, factsheet number 74886, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74886.
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