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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58 - Publishing activities
160 jobs Number of planned job losses
Announcement Date
11 June 2014
Employment effect (start)
16 June 2014
Foreseen end date
Description
Portuguese media holding group Controlinveste Conteúdos is to cut 160 jobs. As reported the plan envisages 140 collective dismissals and 20 job cuts by means of termination by mutual agreement of the parties. Of the total 160 job cuts, 64 refer to journalists. According to the company, the poor financial results of this sector and of the group in particular is the main reason for the restructuring.
As reported, workers have already started receiving letters of notification of dismissal and the restructuring will affect particularly the newspapers Diário de Noticias and Jornal de Notícias; the communication agency Global Imagens and the radio TSF. The Union of Journalists is trying to negotiate with the company other cost-cutting options to avoid redundancies.
Sources
11 June 2014: Público
11 June 2014: Controlinveste (Press Release)
Citation
Eurofound (2014), Controlinveste Conteúdos, Internal restructuring in Portugal, factsheet number 77187, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77187.
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