EMI says no further job cuts beyond those announced in January

EMI has no plans to downsize its operations over and above the jobs cuts confirmed by top man Guy Hands at the start of the year. Well, that's what they're saying. They were forced to comment on their job cut plans after the Daily Telegraph reported plans at the major to undergo a second round of cuts later this year. The current restructure will, as previously reported, have downsized EMI's recorded music staff count by a third once it is complete, leaving about 2700 people. The Telegraph said there were plans to lose another 700 later this year. But a spokesman for the major said yesterday: "There are no additional redundancies to those already announced in January. The restructuring is on plan and the new organization will be fully up and running by the end of June". So, there you have it.