Sanoma to cut 130 jobs in Netherlands
HELSINKI, April 11
HELSINKI, April 11 (Reuters) - Finland's largest media company Sanoma plans to close a distribution centre in the Dutch town of Duiven by the end of this year, leading to 130 job cuts, Sanoma said on Friday.
The loss-making group has been hit by the weak economic climate in Europe as well as a shift from print to digital media.
"The intended measures have become imperative, given the expected continuation of the decline of newsstand sales of magazines in the Netherlands," Sanoma said in a statement.
The company, which had about 10,000 staff at the end of 2013, said logistics and transport would be outsourced to Media Logistics.
(Reporting by Sakari Suoninen. Editing by Jane Merriman)
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