January 11, 2008

Guy Hands to tell staff of his plans for EMI shake-up

Guy Hands will outline his strategy for EMI to staff next week, but he is not expected to reveal the extent of job cuts being planned at the music company.  It is believed that Mr Hands will say that the group intends to digitise more of its back catalogue, to move its marketing strategy towards digital sales and to make better use of social networking sites to find new talent.  Mr Hands is also understood to be planning to centralise procurement, back office and information technology functions as part of his cost-cutting exercise. (The Times)