EMI auf strammem Sparkurs
Donnerstag, 11. Februar 2010Major record label EMI is planning “radical cost cuts, including a further reduction in its 3,500-strong workforce,” in a bid to make the company more attractive to investors, the Telegraph reported. Terra Firma, the private equity firm that acquired EMI for $4.7 billion before the recession hit, is seeking an additional more than $160 million from investors, in order to meet loan repayment deadlines and prevent a possible takeover by lender Citigroup.
