Daily Mail group to cut 1,000 jobs
Monday 23rd March 2009, 9:55AM GMT.
The Daily Mail and General Trust (DMGT) has announced it is to cut 1,000 jobs.
The cuts are due to be made at the media company’s regional section Northcliffe Media and are a result of the decline in newspaper advertising.
The group announced around 500 jobs were at risk last year but were forced to take most drastic cost-cutting measure after advertising fell by 24 per cent at its national Associated Newspapers business and 37 per cent at Northcliffe Media during the last quarter.
“We now expect a net total of about 1,000 people to leave Northcliffe this year, double the level envisaged at the time of our results in November 2008,” a statement from the group declared.
The publisher suggests classified advertisements are showing signs of “stabilisation”, but recruitment advertising was down 55 per cent during the last quarter.
Northcliffe Media publishes 113 regional papers across the Midlands and the south of England and sells 4.1 million copies every week.
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