Type
Bankruptcy
Country
Greece
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

180 jobs
Number of planned job losses
Job loss
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77207.