More national newspaper job losses (and a canteen closure) as Telegraph seeks savings
More national newspaper jobs are being lost this week as part of a cost-cutting push by the publisher of the Daily Telegraph.
Telegraph Media Group (TMG) chief executive Murdoch MacLennan set out several money-saving measures on Monday, including the closure of the staff canteen.
And the company, which is owned by the Barclay brothers, Sir David and Sir Frederick, has now begun making job cuts, though staff are understood to be in the dark over how many will be made.
City PM understands the job losses will total into double figures. Home affairs correspondent David Barrett and feature writer Harry Wallop, who was formerly retail editor of the newspaper, are among those who have been targeted.
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At the end of 2014, the company had around 1,100 employees, including around 660 editorial and production staff.
The cuts come after the publisher brought in professional services firm Deloitte to carry out a strategic review earlier this year.
It was believed at the time that the group was being primed for a sale. This was denied by the Barclay brothers.
This year has also seen a significant number of job losses across other national newspapers, including the Guardian and Independent.
Read more: Indy to close as Johnston confirms £24m acquisition of the i
The Guardian earlier this year set out plans to cut around 310 positions as it bids to break even.
And around 100 jobs are thought to have been lost after the Independent and Independent on Sunday newspapers were closed by ESI Media.
This year has also seen the failed launch of a national newspaper, Trinity Mirror’s New Day, which was closed less than three months after its first issue was published.