Cuts likely at News International
Friday 29 April 2011
News International, the publisher of The Sun, News of the World, The Times and Sunday Times, is poised to make cuts to reduce its losses according to an internal email sent to staff by its chief executive Rebekah Brooks.
"We have an unacceptably low profit margin," Ms Brooks told staff, with News International having reported a £73.3m loss in 2010, in contrast to a £31.7m profit the year before.
"Our costs are just too high and our margin too low. There will be some tough decisions ahead. Costs will need to be cut and savings made in overheads."
The company has refused to rule out redundancies.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 3 Kim Kardashian 'naked pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'naked pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Isis in Syria: 60,000 Kurds flee terror in new exodus
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
4Chan naked photos leak: Celebrity Twitter reactions to the mass breach of privacy
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...