The UK’s largest newspaper group, Trinity Mirror, is set to axe several hundred jobs in its advertising, administrative and distribution operations, according to reports.
The
Financial Times believes the job losses will be announced at the end of the month as part of a strategic review by the group’s new chief executive, Sly Bailey.
It is understood Bailey has ordered a streamlining of administrative structures and better portfolio management across the group. A source close to the plans told the FT: “We’ve identified that Trinity is quite difficult to do business with because the company is bureaucratic and needs to be freed up.”
Trinity is reportedly changing its supply and distribution arrangements and has discussed a potential deal with Marketforce, the magazine distributor.
Advertising conditions have remained volatile at Trinity Mirror during the last six months, reflecting the impact of the war in Iraq (see Advertising Remains Volatile At Trinity Mirror).
