Thursday, January 15, 2004

THAT'S ALL, FOLKS: WARNERS SET TO BE SAVAGED: However nicely it's all wrapped up, it's pretty clear that the major restructuring of Warner Music under new owner Edgar Bronfman is going to involve a lot of spotting dead wood. And bonfire-building. When the announcement of the overhaul kicks off with phrases like "we can assure you that colleagues who are affected will be treated fairly and equitably with regard to severance and other benefits", there's going to be very few people in the organisation who will be ordering doorname plates with confidence for the next twelve months. To be fair to the new Warners management, they do promise that the people cast aside will get better benefits than if they'd been canned under AOL's regime, so that's something. If we were a band on Warner's roster, though, we'd be sending nice letters to EMI, ourselves.


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