The Press Association has confirmed it is looking to axe up to 35 jobs as a result of a slump in revenues from the regional press.
Managing director Tony Watson revealed in an email to staff that the agency is to open a voluntary redundancy scheme for its 900 employees in Britain and Ireland.
It is understood that the company is looking for around 35 volunteers, but not all are expected to be from editorial posts.
The scheme, which will offer enhanced redundancy pay of up to three times the statutory amount, will remain open until 3 January.
Tony said in his email: “We believe that next year will be a particularly challenging one for the company.
“For the second consecutive year we will see very substantial reductions in the revenue we receive from regional newspapers and it is likely the structural change in that market will continue to impact on our business.”
“The scheme is part of an effort to reduce costs to ensure the company remains in a strong financial position in the future and able to continue investing in the technologies and products that will enable us to compete in a changing media landscape.”
The message goes on to say that “every effort” will be made to minimise compulsory redundancies.” The Press Association has declined to comment further.