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 58.14 - Publishing of journals and periodicals
50 jobs Number of planned job losses
Announcement Date
8 November 2018
Employment effect (start)
8 November 2018
Foreseen end date
31 December 2018
Description
Bonnier Magazines & Brands is reducing its staff by 50. Reductions concern mainly editorial staff. It is the second time this year that the company announces significant staff reductions; previous reductions took place in June and concerned 55 employees.
According to the company, both reductions happened because of the same reason. Bonnier Magazines and Brands has seen a decline in traditional business incomes over a long period. At the same time, its new business strategy and planned new income sources have not taken off as foreseen, which tightens the financial situation significantly.
Employees at the company were informed about the upcoming changes on 8 November. Company CEO said that the news was received negatively by the affected staff members, but that he also felt the staff understood that something needs to be done to keep the company going. Media were not able to get comments from union members.
Sources
Citation
Eurofound (2018), Bonnier Magazines & Brands, Internal restructuring in Sweden, factsheet number 95802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95802.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
