Independent News & Media to seek staff redundancies, report

The media group, Independent News & Media (INM), has opened a voluntary redundancy scheme for its editorial staff.

According to the Irish Times, the company will be seeking 35 redundancies, 25 of which will be journalists.

INM's titles include the Irish Independent, the Corkman, Irish Daily Star, Sunday Independent, the Herald, Sunday World and Belfast Telegraph titles amongst many more.

In the company's 2018 half-year report, INM stated that its digital revenues had been down 2.9% while its profit before tax had been down 22.8% to €11.5m.

The report also stated that the Group recorded a charge of €1.9m for legal costs in relation to a Judicial Review, and a further €1.3m for related to restructuring costs, listed as primarily redundancy costs.

More on this topic

The ‘No Stone Unturned’ decision: Welcome win for press freedom

Loughinisland journalists urge police to ‘stop digging’ after court hearing

INM shareholders to consider proposed Mediahuis takeover at special meeting next month

Ireland's defamation laws 'not fit for purpose'

More in this Section

Cork firm Zenith Technologies bought by US tech giant Cognizant

Huawei laptops return to Microsoft online store

Apple’s Tim Cook criticises other tech firms for data breaches

MyTaxi to trial cab-sharing feature in Dublin


Lifestyle

Pauline McLynn shines in creative homecoming for Enda Walsh's The Small Things

Skin Nerd: The pros and cons of moisturisers and serums

Double act: Why talking to your baby is essential

Ask a counsellor: ‘My mother’s become so high maintenance since moving closer – what should I do?’

More From The Irish Examiner