PubliGroupe restructures The Guide Company
The media and advertising group PubliGroupe is having problems with its stake in the Zurich publishing house The Guide Company. Various guides, restaurant guides and event guides have been discontinued and 11 employees have been made redundant.
The media and advertising group PubliGroupe is having problems with its stake in the Zurich publishing house The Guide Company. Various guidebooks, restaurant guides and event guides have been discontinued and more than half of the 25 employees have left the publishing house since May, reports the SonntagsZeitung. 11 people have been made redundant. In mid-July, PubliGroupe announced that it had increased its stake in the publishing house from 30 to 64 percent (see
). However, the new majority shareholder had obviously not realized how ailing the publishing house was. PubliGroupe was forced to make the redundancies in order to "put The Guide Company on a new footing", as Group Executive Board member Robert Schmidli told the SonntagZeitung.
). However, the new majority shareholder had obviously not realized how ailing the publishing house was. PubliGroupe was forced to make the redundancies in order to "put The Guide Company on a new footing", as Group Executive Board member Robert Schmidli told the SonntagZeitung.
