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.
Östra Sverige; Östra Mellansverige; Södermanlands län
Location of affected unit(s)
Eskilstuna, Strängnäs, Katrineholm
Sector
Media 58 - Publishing activities 58.1 - Publishing of books, newspapers and other publishing activities, except software publishing 58.12 - 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://apps.eurofound.europa.eu/restructuring-events/detail/96733.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...