The Economist is flourishing

THE article on The Economist Group (The Irish Examiner, August 9) was seriously inaccurate.

The Economist Group will not, as you claim, “sack more than 35% of staff after profits crashed in the year to March.”

In the year to March, our employment numbers did fall by that percentage, but largely because we sold a business, the Journal of Commerce Group in America, which employed a lot of people.