Warner Music Group to axe 1,000

Warner Music Group announced 1,000 job cuts and a shakeup of top management today, one day after Edgar Bronfman closed a deal to buy the company from Time Warner Inc.

Warner Music Group to axe 1,000
Tue, 02 Mar, 2004 - 18:17

Warner Music Group announced 1,000 job cuts and a shakeup of top management today, one day after Edgar Bronfman closed a deal to buy the company from Time Warner Inc.

The company is also consolidating the back-office functions of its Elektra and Atlantic labels.

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CourtsBusinessHeathrowPlace: New YorkPlace: LondonPerson: Edgar BronfmanPerson: Val AzzoliPerson: Ron ShapiroPerson: Sylvia RhonePerson: Ahmet ErtegunPerson: Will TanousPerson: BronfmanPerson: Kid RockPerson: MadonnaPerson: Faith HillOrganisation: Warner Music GroupOrganisation: Time Warner Inc.Organisation: ElektraOrganisation: AtlanticOrganisation: Atlantic RecordsOrganisation: Warner MusicOrganisation: Thomas H. Lee PartnersOrganisation: Bain CapitalOrganisation: Providence Equity PartnersOrganisation: EMI Group PlcOrganisation: Time WarnerOrganisation: WarnerOrganisation: Chappell MusicOrganisation: Metallica
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