But enough of all that, let's get down to business shall we, and the not so fun matter of the 2000 EMI jobs that could be axed this week. That is quite a down sizing, even compared to recent job cuts at the other majors. According to the Telegraph, new boss Guy Hands will reveal his plan for reviving EMI's fortunes tomorrow, and will announce a cut of a third of the major's workforce as part of his strategy. The vast majority of the cuts will, needless to say, be within the major's recorded music division - Hands has so far been seemingly willing to let the more profitable EMI Music Publishing carry on as normal. Hands is expected to announce his plans and the significant jobs cull at a meeting in West London tomorrow, to which EMI staff, artists and their management have been invited.
Jan 14, 2008
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1 min read
EMI job cuts expected to reach 2000
According to the Telegraph, EMI boss Guy Hands will announce plans this week that include cutting a third of the major's workforce, mostly within recorded music.