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 58.13 - Publishing of newspapers
60 jobs Number of planned job losses
Announcement Date
16 January 2019
Employment effect (start)
16 January 2019
Foreseen end date
Description
The Swedish local news media company, Sörmlands Nyheter, has announced plans to cut 60 jobs out of the total workforce of 290 employees in the cities of Eskilstuna, Strängnäs and Katrineholm. Since the business was acquired in December 2018 by NTM Group, several changes have taken place, including the dismissal of the editor-in-chief and the current restructuring. According to the company, the units affected are mainly in advertisement, finance and IT and will be centralised to the city of Norrköping. The job cuts are set out in order to meet the increased competition on the media market. It is yet unclear whether the restructuring will affect journalists.
Eurofound (2019), Sörmlands Media , Merger/Acquisition in Sweden, factsheet number 96733, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96733.
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.
