Around 450 jobs are being axed at Irish Mirror publisher Reach as the group looks to slash costs further.
The company – which also owns the Express newspapers, the Daily Star and regional publications across Ireland and the UK, including DublinLive, RSVP and CorkBeo – said the job losses come under plans to trim operating costs by 5-6 per cent in 2024.
It is already cutting costs by up to 6 per cent this year and previously announced two rounds of job cuts in January and March, with around 330 redundancies already made so far in 2023.
The new cuts will affect around 10 per cent of its 4,500 total workforce, mostly across its national titles, with journalist, commercial and some print roles set to go by the end of the year.
It is not clear how many Irish jobs will be affected.
The group said the extra savings will help it invest in boosting its online offering.
The firm is also battling against a slump in the online and print newspaper advertising market, with its digital revenues hit by Facebook and other large media platforms moving to de-prioritise news.
It is understood Reach is looking to move closer to a single seven-day publishing operation, meaning a shift towards one team working across each publication’s daily and Sunday titles.
Chief executive Jim Mullen said: “Our industry has a history of change and the future will undoubtedly involve yet more.
“That’s why it’s essential we set ourselves up to win, by making our operations suited to an increasingly fast-paced, competitive and customer-focused digital world.”
He added: “Hard work over the last few years means we have established ourselves as a leading digital publisher.
“But there’s more to do and today is about organising our business to deliver against that challenge.”
