UPDATE: Fairfax Confirms Editorial Changes; Around 82 Layoffs
12 5월 2011 - 12:45PM
Dow Jones News
Australian media company Fairfax Media Ltd. (FXJ.AU) said
Thursday it will cut about 82 editorial production jobs from its
two main Sydney and Melbourne newspapers as part of an efficiency
drive aimed at saving A$15 million (US$16 million) a year.
The company, which publishes The Sydney Morning Herald, The Age
and The Australian Financial Review, said in a statement it will
move forward with its production efficiency plans after more than a
week of staff consultation.
The 82 full-time editorial production jobs, or sub-editing
positions, that will be removed will come from The Sydney Morning
Herald and The Age, it said.
A spokesman said the redundancies were expected to be completed
by June 30.
"We have every confidence that the changes we are making in the
production process, along with the new management team and the
clear strategy we have before us, will create a much stronger,
vibrant and profitable company," Chief Executive Greg Hywood
said.
Last week, Fairfax said it planned to outsource sub-editing jobs
to production company Pagemasters, a division of Australian
Associated Press, which is partly owned by Fairfax and News Corp.
(NWS.AU), which owns Dow Jones & Co., publisher of this
newswire and The Wall Street Journal.
Australia's journalists' union, the Media Entertainment and Arts
Alliance, said in a statement Fairfax had rejected compromise
proposals from staff that "would have saved jobs and positioned the
company for full integration across multiple news platforms."
The union said staff would meet in Sydney and Melbourne Thursday
afternoon to "consider their next move."
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095;
gavin.lower@dowjones.com
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