Trinity Mirror puts job cuts on agenda after trading conditions worsen

LONDON – Trinity Mirror is considering making more than 700 job cuts as it looks for cost savings after experiencing tougher trading conditions and a slowdown in advertising.

All staff learned that the national and regional newspaper publisher is reviewing its options, including redundancies, in an internal notice sent around the company yesterday.

Cuts could range between 5% and 7%, resulting in between 550 and 770 jobs being lost.  

The cuts are likely to be across editorial and advertising departments, and the National Union of Journalists was told yesterday that jobs would be lost at national and regional newspaper titles.

The Daily and Sunday Mirror has already reduced recruitment of new staff, and last week Press Gazette reported that Trinity Mirror had cancelled staff Christmas parties.

The review is being carried out by chief executive Sly Bailey and follows poor advertising revenues for the national newspapers in the group's first-half results reported in July.

Trinity's five national papers, which include the Daily Mirror and the Daily Record, saw ad revenues slump by 5.4% from £99m to £93.7m, in a market that the company called "unpredictable". In contrast, the regional division saw ad revenues grow 1.5% to £214.1m.

A Trinity Mirror spokesman said: "All media owners are currently experiencing tough trading conditions due to the slowdown in advertising markets.

"We are reviewing a number of possible actions to support our businesses, which may include redundancies, in what is a challenging period for the entire media industry.

"We are currently in consultation with our employees and their representatives and it is too early to give an indication of the likely outcome of this review."

The company's staff number approximately 11,000, according to the spokesman, most of whom are employed in its regional newspaper business, which includes titles such as the Liverpool Echo and the Birmingham Mail.

If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .

Market Reports

Get unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Market Reports.

Find out more

Enjoying ±±¾©Èü³µpk10’s content?

 Get unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.

Upgrade access

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content