Egmont went 150 million in 2014 plus – kicking 42 employees – Dagbladet.no

(Dagbladet): Industry Website Promotion reports that leaf giant Egmont kick 42 people and restructure its editorial work.

Today’s action is the largest downsizing in Egmont Publishing since 2009, when around 100 FTEs was cut.

156 million in plus

The company recently presented results showing 156 million in profit before tax in 2014, Nine million lower than in the previous year. The company emphasizes that the cuts is not just about dollars and cents.

– This is not just about cost savings. This is a restructuring program that will equip us to meet the challenges of the media market in a better way, says editor and Egmont director, Kjersti Mo, to the Campaign.

Downsizing was presented to employees in the morning hours Monday. The cuts frames hard both among journalists and editors publisher. It should abut to a halving of the company about 50 pure journalists.

Merges leaves

Egmont also puts on its production model and continuing funding for Optimal Editorial Publishing (ORO), a restructuring program which the different desk Egmont merged and creates a common reporter base across the leaves.

– Fortunately, not ORO an emergency relief program. This is most about how to meet a new media reality, and it is now we have the latitude to invest in a future. Many players in the media industry must drive cost reduction programs again and again and again and can not look to how new revenues. The opportunity we have. We must do this now and not when it is pure distress, says Kjersti Mo.

Leaves like home, Norwegian Magazine, and New Vi Menn can thus be written by the same reporter base in future .