Wednesday, 1 February 2012

NUJ anger at axing of 75 jobs at Mirror and People

The NUJ has condemned the axing of 75 jobs at Trinity Mirror’s national newspaper titles – the Daily Mirror, Sunday Mirror and the People.

In a shock announcement this afternoon staff across all three titles were summoned to a meeting to be told of the cuts, which will see the centralisation of subbing and production across all titles and the pooling of features and news.

Michelle Stanistreet, NUJ general secretary, said: “These cuts represent a depressingly familiar tale at Trinity Mirror. Rather than invest in quality products – and continue to build on recent growth in circulation on the Sunday titles – the strategy is to cut jobs and compromise quality journalism. Where is the strategy for growth and the future? Journalists are paying with their jobs for the corporate mismanagement and incompetence of Sly Bailey and her senior executives – yet still they continue to award themselves lavish pay.”

The NUJ says the cuts comes after the total directors’ pay and pensions bill for Trinity Mirror last year was £3.9million - £1.3million of which was cash bonuses. Of that, Sly Bailey's package of pay and pensions was a staggering £1.7m, including a cash bonus of £660k.

It also points out the share price for Trinity Mirror today is 48p whereas 12 months ago it was 90p.

The NUJ says it will be organising meetings of members to discuss the union’s response.

No comments: