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07 July 2020Reach, a publisher of British newspapers such as the Daily Mirror and the Daily Express, plans to cut around 550 jobs after the coronavirus crisis has brought readers online and ad revenue has plummeted. "Structural changes in the media sector accelerated during the pandemic and this led to a shift towards online products," said Reach chief executive Jim Mullen in a statement announcing the company's plans to cut around 550 seats. of work, equal to 12% of its employees. The restructuring will contribute to a £ 35 million spending cut for the group, which also owns several local newspapers in the UK.Gb, Daily Mirror publisher ready to cut 550 jobs
2020-07-07T08:27:24.574Z
Reach, a publisher of British newspapers such as the Daily Mirror and the Daily Express, plans to cut some 550 jobs after the coronavirus crisis has brought online readers and advertising revenue has plummeted. "Structural changes in the media sector accelerated during the pandemic and this led to a shift towards online products," said Reach chief executive Jim Mullen in a statement announcing the company's plans to cut around 550 seats. of work, equal to 12% of its employees. The restructuring will contribute to a £ 35 million spending cut for the group, which also owns several local newspapers in the UK.
Source: rainews