EMCC European Monitoring Centre on Change

Liberis Publications

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Company/Organisation:
Liberis Publications

Geographic Location

Country: Greece
Region: Attiki
Location of affected unit(s): Koropi

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
58.14 - Publishing of journals and periodicals
Number Employed: 500
Group: Liberis Publications

Employment Effects

Announcement Date: 07-11-2012
Planned Job Reductions min: 500
Planned Job Reductions max: 500
Type of Restructuring: Bankruptcy
Employment Effect Start: 08-11-2012
Foreseen End Date: 31-12-2012
Direct Dismissals: 500

Additional Information

Liberis publications, one of the leading Greek publishing houses is closing down and 500 employees will be left without a job.

According to an announcement by Liberis publications' CEO on 7.11.2012, after 32 years of operation the company is closing down as it did not manage to get a rescue loan. Liberis publications had contracted Deloitte to carry out a viability study, according to which the company was sustainable, yet the banks refused to provide a loan that would safeguard the continuation of Liberis’ activities and the 500 jobs. 

Within the next days some of Liberis Publications title deeds, including Ego and Status magazines, will be transferred to Attica Media Publications. However, so far there has been no mention of the international title deeds including magazines such as Vogue, Men’s Health, and Glamour.

Liberis Publications Group is also involved in the radio stations VFM and BEST Radio.

 

Sources: 07-11-2012

07-11-2012

07-11-2012

To Vima

Proto Thema

Agelioforos

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