By Pits’n'Pots Reporter.
The media group Daily Mail and General Trust have today announced that a further 500 jobs in the Northcliffe Media Group on top of those announced in November are to be axed.Ã‚ Today’s announcement takes the total job losses to 1,000.
A spokesman said the “vast majority” of those jobs had either gone or staff were being consulted on what would happen next. The company is also making further reductions “across all cost categories” at Associated Newspapers, which owns the Daily Mail and the Mail on Sunday.
DMGT said it had seen a “difficult quarter” for its consumer media businesses in the UK and Europe, but expected full-year results in line with market expectations.
Northcliffe has a portfolio of 113 daily, weekly and free newspapers, selling over 4 million copies a week.Ã‚ Locally they have offices here in Stoke as well as Nottingham, Tamworth, Derby & Leicester.
As well as The Sentinel, Northcliffe publish the weekly papers:
- Cheadle Post & Times
- Leek Post & Times
- Uttoxeter Post & Times
and the Advertiser free paper across the city.
The “vast majority” of the job cuts have already taken place or are currently under consultation, said a company spokesman.
Despite the full-year reassurance, the firm braced investors for a “substantial fall” in results for the first half of the year due to worsening trading conditions and a change in the timing of its profits.