INM seeks pay cuts from management team

INDEPENDENT News and Media (INM) is seeking pay cuts of up to 5% from its management team.

The media group, which owns titles including the Irish Independent, Sunday Independent and Evening Herald, wants management to take a 2.5% cut on earnings over €100,000 and a 5% cut for earnings over €150,000.

Senior management and staff on higher salaries will take the full 5% cut.