Type
Closure
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Programming And Broadcasting Activities
60.1 - Radio broadcasting

136 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2013
Employment effect (start)
1 February 2013
Foreseen end date
28 February 2013

Description

ABC Punto Radio will close at the end of February and all 136 employees will be dismissed.

The majority of the staff will get severance pay equal to 38 days' wages per year worked. Between 70% and 80% of staff earning less than EUR35,000 a year will receive an additional flat sum of EUR2,000.


Sources

  • 29 January 2013: Cinco Días

Citation

Eurofound (2013), ABC Punto Radio, Closure in Spain, factsheet number 74886, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74886.