NUJ condemns £10m cuts at Trinity Mirror
14 March 2013
The NUJ has condemned a further £10m cuts announced in Trinity Mirror's preliminary 2012 annual results today.
Simon Fox, chief executive of Trinity Mirror, said:
"Last year, the company cut structural costs by £25m–£10m more than it expected. For 2013, we have targeted structural cost savings of £10 million and this year will also be further helped by a fall in newsprint prices and on-going natural mitigation as revenues remain under pressure due to the fragile trading environment."
Chris Morley, NUJ northern and Midlands organiser, said the extra cuts would affect the company's journalists.
"Trinity Mirror chairman, David Grigson, says today that his journalists are the 'heartbeat of the business', yet he is presiding over mass redundancies in his newsrooms.
"Now he threatens staff with £10m additional cuts this year. This can only threaten the heartbeat of the company still further.
"Our members are fighting unprecedented odds to keep up their professional standards and suffering huge stress as a result. Further editorial losses would undermine the future of the company.
"If Trinity Mirror has £14m to invest in Local World, a rival company, it should not be asking journalists to pay for this with their jobs.
"Simon Fox says the promised land of being free from the huge debt burden of recent years is close – but disastrous cuts in the core business now could leave the company unable to take advantage of that freedom when the time comes."
The full statement is available on the Trinity Mirror website.