Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Ireland, Britain, South Africa
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

564 - 600 jobs
Number of planned job losses
Job loss
Announcement Date
17 December 2003
Employment effect (start)
Foreseen end date

Description

Independent News and Media owns newspapers in England, Australia, New Zealand and South Africa. In England, it owns the Independent, the Independent on Sunday and the Belfast Telegraph. Sir Tony O'Reilly (the company's owner)announced a £38 million restructuring programme affecting 600 employees worldwide. This represents a 5% cut in the total workforce. The cuts are to take place in the clerical and back-office activities. The company has already sold its regional papers in London.


Sources

  • 17 December 2003: The Guardian

Citation

Eurofound (2003), Independent News and Media, Internal restructuring in World, factsheet number 59360, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59360.