Daily Mail and General Trust

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Media
58 - Publishing activities
58.1 - Publishing of books, newspapers and other publishing activities, except software publishing
58.12 - Publishing of newspapers
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
23 March 2009
Employment effect (start)
Foreseen end date

Description

Daily Mail and General Trust (DMGT), a newspaper publisher, is to cut 1000 jobs mainly in its regional newspapers across the UK. The cuts are blamed on a decline in advertising due to the current economic turmoil, while the company expects a substantial fall in profits in the first half of 2009. As of 23 March 2009 no date has been announced for the implementation of the job losses.

Sources

  • 23 March 2009: BBC News ()

Citation

Eurofound (2009), Daily Mail and General Trust, Internal restructuring in United Kingdom, factsheet number 68610, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68610.