Daily Mail owner to cut 400 jobs
The owner of the Daily Mail, General Trust, has cut more than 400 jobs across the UK after a double-digital decline in print advertising last year. The company has launched a strategic review of its businesses and it continues to face a tough advertising market. Daily Mail and General Trust said that it will take a £50m exceptional charge this year relating to the reorganisation of the business, more than triple the £15m it said it expected in May. The company said that “just less than half” of the job cuts will come from its consumer division, DMG Media, which is the home of the Daily Mail, Mail on Sunday, Mail Online, freesheet Metro and US site Elite Daily. The move is said not to impact the Australian market.
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