Aller Media

Type
Internal restructuring
Country
Finland
Region
Manner-Suomi;
Location of affected unit(s)
Helsinki, Rovaniemi
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.13 - Publishing of journals and periodicals
70 jobs
Number of planned job losses
Job loss
Announcement Date
29 July 2013
Employment effect (start)
1 October 2013
Foreseen end date

Description

Finnish publishing company Aller Media, part of the publishing house Aller Holding, has announced redundancies of up to 70 employees from Helsinki and Rovaniemi. As announced, the company has started negotiations with employee representatives that are going to be concluded in the next six weeks.

Aller publishes 8 magazines in Finland and operates 8 online portals. According to its announcement 70 of its approx. 270 employees may be laid off in Finland, equally divided between Helsinki and Rovaniemi.

The company is not profitable and has initiated a savings plan of 4 million euros. The announced restructuring would amount to one-quarter of the plan. The company seeks to conclude negotiations by mid-September.

Sources

  • 29 July 2013: Helsingin Sanomat
  • 29 July 2013: Aller Media (press release)

Citation

Eurofound (2013), Aller Media, Internal restructuring in Finland, factsheet number 75742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75742.