Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.13 - Publishing of newspapers

400 jobs
Number of planned job losses
Job loss
Announcement Date
21 November 2008
Employment effect (start)
Foreseen end date

Description

Daily Mail and General Trust, a media company, has announced that it is to cut 400 jobs across the UK. The company, which owns titles such as the Daily Mail and London Evening Standard as well as other regional titles, attributed the job cuts to a need to reduce costs as advertising revenues have fallen, particularly amongst property listings. As of 23 November 2008, it is not known at which sites the job losses will occur, when the jobs will be lost, or how many jobs will remain.


Sources

  • 21 November 2008: The Guardian

Citation

Eurofound (2008), Daily Mail and General Trust, Internal restructuring in United Kingdom, factsheet number 67429, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67429.