Grainge confirms EMI job cuts to come
Universal Music Group chairman and CEO Lucian Grainge has confirmed that there will be job losses following UMG’s £1.2bn acquisition of EMI.
Speaking to the Daily Mail, Grainge reiterated the intention to generate cost savings of £100 million, adding, “There will be job losses. I can only grow this business by making savings and investing in the product – the artists and the music.”
He went on to reassure those under his leadership, however, saying, “We are creative people and ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
