Cuts at 20 Minutos
The economic crisis has hit Spanish free paper 20 Minutos very hard. The paper reported an operating loss of €2.6 million in Q1 2012.
As a result the paper has asked the government for a “Expediente de regulación de empleo” (ERE) which in fact means that a number of employees will let go, although they retain certain rights.
It is not clear yet how many staff members the ERE will affect. (AEPG)