Spain's third-largest daily newspaper wants to halve the number of jobs
The third-largest Spanish daily newspaper ABC wants to reduce its workforce by more than half. The works council has announced that it will fight the planned job cuts "with all means at its disposal".
The third-largest Spanish daily newspaper ABC wants to reduce its workforce by more than half. The Vocento media group, whose flagship is the conservative Madrid newspaper, has applied to the social authorities to cut 238 of its 456 jobs, according to SDA. The cut was necessary to ensure the newspaper's viability, the company emphasized according to press reports on Wednesday. The aim is to adapt to market conditions.
ABC was the only major newspaper in Spain to increase its circulation significantly last year. The paper sold an average of 250,000 copies per day in 2008, ten percent more than in the previous year. However, advertising revenue fell drastically as a result of the economic crisis.
The works council announced that it would fight the planned job cuts "by all means". It will not enter into any negotiations with the company management. ABC is the third-largest daily newspaper in Spain after the left-liberal El País and the right-liberal El Mundo.
ABC was the only major newspaper in Spain to increase its circulation significantly last year. The paper sold an average of 250,000 copies per day in 2008, ten percent more than in the previous year. However, advertising revenue fell drastically as a result of the economic crisis.
The works council announced that it would fight the planned job cuts "by all means". It will not enter into any negotiations with the company management. ABC is the third-largest daily newspaper in Spain after the left-liberal El País and the right-liberal El Mundo.
