Journalists have been banned from taking contacts out to lunches -- a huge source of stories for the newspaper -- while business trips are being reined in. Department heads have also been told they can not sign off expenses sheets.
The cutbacks have been implemented in an attempt to save £500,000 on expenses. However, the move has angered staff because the company is holding an management gathering at one of London's top hotels this week, costing an estimated £100,000.
The cutbacks, which were communicated to staff last week in a memo, will last until the end of the year.
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