Redundancies on the cards at Metro free newspaper

Posted by Paul McNally on 21 October 2008 at 08:07
Tags: Free Newspapers

Associated Newspapers’ morning freesheet, Metro, is understood to have launched a round of redundancies.

Metro managing director Steve Auckland tells MediaGuardian.co.uk: “We have made these changes to remain profitable, enable us to significantly increase our investment in both digital and green initiatives and emerge in an even stronger position in the next 12 to 18 months.”

Yesterday, free newspaper publisher Metro International - which is unconnected to the Metro business in the UK - posted a third quarter loss of $19m with revenues down eight per cent year on year.

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