March 18, 2008

EMI Boss Puts Jobs 'Under Official Scrutiny'

Every employee in EMI’s UK recorded-music division has been told that their job is “officially under scrutiny” by the label’s new owner Guy Hands. It’s understood that Hands, who owns the private equity company Terra Firma which purchased EMI last August, addressed each member of staff in a personal letter. According to the Times, staff in marketing, sales and distribution will face the biggest job cuts. (Gigwise)