EMI Australia redundancies 'unfortunate', but 'key creative areas expanding'
Universal Music Australia president George Ash has released a statement following the major’s acquisition of EMI Music and subsequent redundancies reported yesterday.
The Aussie boss said that the redundancies were “unfortunate” but that key creative areas of EMI Music Australia would be strengthened.
He also confirmed that EMI would be maintained as a standalone company in order to maintain its heritage in the Australian market.
The full statement from Ash can be read below:
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