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Latest News

Trinity Mirror plans to shed 550 jobs

by Personnel Today 31 Jul 2003
by Personnel Today 31 Jul 2003

HR
is one of the departments singled out for major job cuts at newspaper
publishers Trinity Mirror.

The
company, which publishes titles such as the Daily Mirror and has a portfolio of
about 260 regional newspapers, is planning to cut around 550 jobs in a bid to
achieve annual cost savings of £25m by 2005.

Trinity
said costs would be reduced "significantly" in most business areas,
including through the centralisation of HR, finance and IT functions.

The
company aims to secure its future through a three-phase programme of
"stabilise, revitalise and grow", a new performance-based strategy.

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Chief
executive Sly Bailey said: "The actions I am putting in place will
transform our business, so that its value as a whole is undeniably more than
the sum of its parts."

By Michael Millar

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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