is one of the departments singled out for major job cuts at newspaper
publishers Trinity Mirror.
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.
said costs would be reduced "significantly" in most business areas,
including through the centralisation of HR, finance and IT functions.
company aims to secure its future through a three-phase programme of
"stabilise, revitalise and grow", a new performance-based strategy.
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."