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 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - Publishing of newspapers
180 jobs Number of planned job losses
Announcement Date
13 June 2014
Employment effect (start)
13 June 2014
Foreseen end date
31 March 2015
Description
Greek financial newspaper Kerdos, filed for protection under the Bankruptcy Code. 180 jobs are to be lost. The bankruptcy petition to the court is to be discussed in February 2015. Kerdos newspaper has been operating for 30 years. As reported the staff is unpaid since the previous year.
Sources
15 June 2014: Avgi
13 June 2014: Imerisia
Citation
Eurofound (2014), Kerdos, Bankruptcy in Greece, factsheet number 77207, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77207.