Mediator, the Spanish audiovisual group, reports it has reached an agreement with employee representatives to implement a workforce reduction plan at its subsidiary, Grup Mediapro SLU, as part of a broader effort to reinforce the company’s position in an audiovisual sector “undergoing profound transformation”.

The agreement provides for the departure of 189 employees – which equates to around 20 per cent of its workforce – a figure lower than initially projected, following the prior exit of more than 20 senior executives and the implementation of a range of cost-efficiency measures across the group.

The job cuts will mainly come from the work centres in Barcelona and Madrid.

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Tags: Mediapro, spain