Tuesday, 15 Jan 2008 | Source: Reuters
British music company EMI is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to 200 million pounds ($392 million) a year and recast itself for the digital age.
Monday, 14 Jan 2008 | Source: Reuters
Record label EMI, bought by private equity firm Terra Firma last year, is set to announce on Monday plans to cut as much as one third of its 6,000 staff, slash marketing costs and drop artists as part of a restructuring, the Wall Street Journal reported.