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

50 jobs
Number of planned job losses
Job loss
Announcement Date
28 May 2019
Employment effect (start)
Foreseen end date
1 September 2019

Description

Swedish newspaper group MittMedia announced 50 dismissals from their advertisement department MittMedia Annons. The company claims that the job reductions are due to the great reduction in the advertising business of printed newspapers, which is systemic to the entire industry. In light of a recent change in ownership, the job cuts aim at cutting costs and making the company profitable by 2020.

MittMedia has its main office in the city Gävle, Gävleborg and owns several local newspapers in the middle-northern cities of Sweden.


Sources

Citation

Eurofound (2019), MittMedia Annons, Internal restructuring in Sweden, factsheet number 98051, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98051.