A staff cull of around 1,500 roles over the past 11 months has helped to save DMGT around £150m, it emerged today.
Posting a trading update, the Daily Mail and General Trust revealed that headcount in its consumer media division had fallen by 200 since 30 June this year.
This brings the total to more than 1,500 roles in the 11 months up to 31 August 2009 which came from savings such as the closure of printing plants in Grimsby, Leicester and Bristol.
The company, which owns local newspaper publisher Northcliffe Media, announced the trading update ahead of the end of its financial year on 4 October.
It says it expects to post a before-tax profit of £182m for 2009.
Over the 11-month period, advertising revenues for Northcliffe Media were down 31pc on the same period last year, with circulation revenues falling 7pc.
The company also said that ad revenues had stabilised year-on-year and were showing improvements, with revenues 26pc lower in July and August, and September showing a continued improving trend.
Rob (29/09/2009 11:52:55)
If it was a car company it would be on the front pages.
exloyalemployee (29/09/2009 13:00:35)
Does that make nearly 3,000 sacked in three years? How many more to come?
DeadlineJunkie (29/09/2009 14:21:07)
Completely agree Rob. If this was happening to car manufacturers or steelworkers the media would be all over it. Hell, we’d be running campaigns to try and save the jobs!
exloyalemployee (29/09/2009 14:36:48)
Don’t be daft, campaigning journalism is a thing of the past. . . it just takes up too many (ex) resources