ZCZC
BCN-05
BRAZIL-ECONOMY-MEDIA-JOBS
Brazilian Elle, Cosmo to disappear in mass job losses: reports
SAO PAULO, Aug 8, 2018 (BSS/AFP) – Brazilian Elle and Cosmopolitan will
disappear from newsstands and some 500 people will lose their jobs in what
Brazilian magazine group Abril called a “reorganization,” according to
reports Tuesday.
According to local media reports, about 170 journalists will be among
those getting axed.
Abril, one of South America’s biggest magazine publishers, did not confirm
the job numbers, but said it would “concentrate its human resources” on its
main brands, including the widely read current affairs weekly Veja.
Cosmo and Elle confirmed on their social media accounts that they would
shut down, including their online versions.
Abril said that cuts would “guarantee the operational health in a climate
of deep technological transformations, whose impact is being felt across the
whole medium.”
BSS/AFP/HR/0930