Business Post announces restructuring plan putting six newsroom jobs at risk

Chief executive Sarah Murphy said the new strategy was necessary to adapt to the "challenging media environment"

The Business Post is owned by the Business Post Group, which also owns Red C Research & Marketing and event firm, iQuest.

The Business Post has announced a restructuring plan that has left up to six staff members at risk of redundancy as the newspaper shifts its focus to digital content. 

In a message sent to staff this week, chief executive of the Business Post, Sarah Murphy, said the newspaper undertook a strategic review of the business, which involved developing a new strategy to adapt to the "challenging media environment."

Ms Murphy added that the process would involve increased investment and the creation of up to ten new digital-focused journalism roles, however, it also meant that up to six existing newsroom roles were currently at risk of redundancy.

The chief executive said she "regretted to inform staff of this development," but that it was necessary to ensure future growth for the newspaper.

The Business Post, which publishes a weekly print edition on Sunday, currently employs 70 staff members, 37 of whom work in newsroom roles.

Daniel McConnell, who took over as editor of the Business Post earlier this year, said the strategic restructuring process would ensure the Business Post was "well-positioned to meet the needs" of digital subscribers.

"All media outlets are operating in a challenging environment, but the key to future growth is to continuously adapt to ensure you are meeting the needs of digital subscribers," Mr McConnell added. "The changes we are making now will ensure the long-term sustainability of the Business Post."

The Business Post is owned by the Business Post Group, which also owns Red C Research & Marketing and event firm, iQuest.

According to its latest financial accounts submitted to the Company Registration Office, the Business Post company, Post Publications Ltd posted a loss of €36,000 in 2021, with the Business Post Group - which includes its Red C Research & Marketing and iQuest businesses - reporting a loss of €760,000 following an increase in "one-off advisory costs related to acquisitions."

The Group recently announced a partnership with Bonnier News, with the Swedish company becoming a minority investor in the Irish media company.