Thursday 14 May 2009

Pay freeze extended at Johnston Press

The pay freeze imposed by Johnston Press has been extended into next year, HoldtheFrontPage reports today.
HTFP quotes a JP statement issued today: "All UK based Johnston Press employees have been informed that, in view of the effect of the current economic situation on company profits and UK price inflation, no salary reviews will take place in 2009.
"This follows the company's decision last December to defer the decision on salary reviews for a period of six months. The next salary reviews will be in 2010."
This latest development comes after Johnston Press announced in its interim management statement yesterday that it was halting the sale of its Irish newspapers and advertising was down by 34 per cent.
It will be a surprise if other major regional newspaper groups do not extend similar pay freezes.

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