Newspaper firm reveals job losses (From Hereford Times)

Newspaper firm reveals job losses

1:01pm Wednesday 10th December 2008

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HEREFORD Times and Ludlow Advertiser publisher Newsquest has announced at least six job losses in its Hereford division as the economic crisis continues to have an adverse effect on the newspaper industry.

The proposed job cuts affect most departments in the division.

All staff affected by the proposals, part of cost reductions aimed at protecting the company’s long-term future following declines in advertising revenues and volumes, are being consulted fully and Newsquest managers have pledged to do everything possible to avoid unnecessary redundancies.

In a message to staff, publisher Ian Richardson said: “Trading conditions have been very challenging for some time now and the market has become more uncertain in many areas.

“Against the backdrop of an unsettled economy we must, therefore, take opportunities to reduce costs so we can protect the overall business for the future.”

Newsquest publishes 17 daily and around 300 weekly newspapers and associated websites across the UK.

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