EMCC European Monitoring Centre on Change

PRISA

Company/Organisation:
PRISA

Geographic Location

Country: Spain

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
58 - Publishing activities
Number Employed: 14987
Group: PRISA

Employment Effects

Announcement Date: 25-01-2011
Planned Job Reductions min: 2000
Planned Job Reductions max: 2000
Type of Restructuring: Internal restructuring
Foreseen End Date: 20-01-2012

Additional Information

The publishing group PRISA, which is composed of newspapers, broadcasting and radio enterprises, has announced an internal restructuring plan which includes 2,000 job losses in Spain and 500 in Portugal and America by the first quarter of 2012. The restructuring plan will include early retirement and outsourcing measures, pending talks with local unions. The group hopes that the plan will increase efficiency and it is worth noting that the group has not ruked out the possibility of a second restructuring phase in Spain, which could further reduce the workforce.