EMCC European Monitoring Centre on Change

Vocento-ABC

Company/Organisation:
Vocento-ABC

Geographic Location

Country: Spain
Region: Comunidad de Madrid
Location of affected unit(s): Madrid

Company

Sector: Information / communication
Publishing, audiovisual and broadcasting activities
58.13 - Publishing of newspapers
Number Employed: 450

Employment Effects

Announcement Date: 03-03-2009
Planned Job Reductions min: 234
Planned Job Reductions max: 234
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-04-2009
Foreseen End Date: 01-07-2009
Direct Dismissals: 234

Additional Information

The media group Vocento announced today that it has presented an ERE (Redundancy Dismissal Procedure) that involved the dismissal of 234 of the 450 employees that exist in the daily newspaper ABC. The plan would affect over 80 employees in the editorial department and over 100 jobs in the printing division of the paper in addition to administrative posts. A spokesperson for Vocento said that the management is in discussion with the trade unions and employees about the least traumatic way possible of carrying out these cuts.