Sunday, 31 July 2011

Telegraph predicts jobs to go at Trinity Mirror

Trinity Mirror is considering a major increase in cost cuts which could lead to significant job losses, the Telegraph has warned.

It says the group, set to report its half-year results on August 12, is expected to increase cost savings to about £25m this year.

"The move is likely to trigger job losses, a large number of which would be journalists, although sources said that synergies such as outsourcing were also being explored and job cuts were not the only solution.

"Earlier this year, the company, which has been through a series of cuts, increased its cost savings target for the year to £15m. That could now be increased by around another £10m," the Telegraph says.

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