Staff at newspaper publisher Trinity Mirror are to receive a one-off payment of £100 each this month after the company cancelled its 2012 bonus scheme.

Chief executive Simon Fox told employees in an email this week that it had not met its budget targets for the year and that therefore no annual bonuses would be payable.

Instead, he said there would be a discretionary one-off bonus of £100 paid to all current staff.

The move comes amid plans to axe 92 jobs on its regional titles and new proposals to close three sales ledger and credit control centres which have put a further 32 jobs at risk.

Simon said in his email:  “I regret that despite improved trading from the Nationals division towards the end of last year, our challenging budgets for 2012 will not be met and therefore no payments will be made under the 2012 bonus schemes.

“This financial performance in no way reflects the extraordinary amount of work which has been going on across the business in a very difficult economic environment.

“In recognition of everyone’s efforts, and in particular in respect of the work which has gone into defining our new One Trinity Mirror strategy, I am pleased to advise that a discretionary, one-off One Trinity Mirror Bonus of £100, will be paid to all current employees. This will be included in the February payroll.

“This does not replace existing bonus schemes nor set the direction of future ones, but it is a means of acknowledging what I see as a palpable buzz of activity and excitement in the business as we set out our future course.”

The latest round of potential job losses results from plans to centralise the company’s credit control centres in Glasgow,Newcastle and Liverpool with the two sales ledger centres in Liverpool and London.

It means the existing credit control and sales ledger functions in Manchester, Cardiff and Birmingham will close with approximately 32 roles being placed at risk of redundancy.