EMI will announce plans tomorrow to scrap the system whereby each of its record labels has its own support function in a move that is likely to cost up to 2,000 jobs. The job cuts will come mainly from its recorded music business as support functions, such as sales and marketing, will be centralized. The purpose is to reduce the division’s British marketing budget from 40 per cent of sales to the industry norm of 20 per cent. (The Times)
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