More 'shocking' job losses at Media Wales titles
24 November 2011
Fourteen redundancies have been announced by Media Wales, following on the heels of the loss of 28 editorial jobs in July.
Media Wales, a Trinity Mirror subsidiary, publishes the Western Mail, the South Wales Echo, Wales on Sunday and the Celtic series of weekly papers.
The latest redundancy announcement involves two photographers, two online producers and one night production leader. Nine redundancies have also been announced in the advertising department.
Martin Shipton, father of the Media Wales NUJ chapel and chair of the Trinity Mirror group chapel, said:
"This latest redundancy announcement is particularly shocking, coming after the 23 full-time equivalent editorial job cuts announced in July. It suggests a degree of panic within Trinity Mirror, and confirms the fears we expressed last week at the National Assembly's inquiry into the future outlook for the media in Wales.
"We accept that advertising revenue has plummeted this year as a result of the weakness of the Welsh economy, but we are shocked that Trinity Mirror did not provide itself with a financial cushion in the last decade when it was making very high profits. Since devolution in 1999, Trinity Mirror has extracted £161m in pre-tax profits from Media Wales. Where has the money gone?
"We now have a ritual where huge 'savings', Trinity Mirror's euphemism for savage cuts, are announced before the annual shareholders' meeting. This year it was £25m. If a similar level of cuts is announced next year, we fear for the future of flagship titles."