Job cuts announcement expected on DMGT results day
Posted
by
Paul McNally
on 17 November 2008
at 10:32
Tags: Media Business, National Newspapers
The true extent of Daily Mail and General Trust’s job-cutting plans will become clear on Thursday when the publisher publishes its end-of-year results, with analysts predicting a 10 per cent drop in local advertising and a similar decline in group pre-tax profit.
According to the Observer, savings of up to £30m a year could be announced - and that could mean up to 300 people losing their jobs at the Mail, Mail on Sunday, Metro, Evening Standard and London Lite.
