Milan, a French press group for youth, announced Friday that by the end of December, 32 full-time positions will be cut and numerous publications halted or merged within the publishing firm, AFP reported.

The group will also stop publishing 34 supplementary magazines as well as a fortnightly news magazine Les Clés de L'actualité and its youth-oriented counterpart.

Michel Tosi, Milan's general secretary, is encouraging a general “coherence” across the company and may be implementing a restructuring plan that would include “dozens” of reorganisational measures, AFP reported in an article posed by Le Monde.

Tosi added that even though there was a 20 percent drop in youth-oriented production, a “new editorial offer” was revealed, AFP reported.

Milan, which was completely bought by publisher Bayard nearly four years ago, is experiencing the same economic problems that the press is seeing across France. Difficulties include declining sales as well as surging production and postal costs, according to AFP.

Milan, based in Toulouse, has 420 employees, 362 of which are in the press division and 58 in publishing.