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Home arrow News & Reviews arrow EMI faces 2,000 job cuts (Reuters)
EMI faces 2,000 job cuts (Reuters) Print E-mail
Tuesday, 15 January 2008

Chief Executive Officer of Terra Firma, Guy Hands (C), arrives for a meeting in London, January 15, 2008. British music company EMI, which is owned by Terra Firma, is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to $392 million a year and recast itself for the digital age. REUTERS/Kieran DohertyReuters - Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of its biggest acts.



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