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ACP Magazines to cut jobs ahead of new financial year

ACP Magazines is believed to have cut a handful of jobs in the approach to the 2011-12 financial year, The Australian has reported.  

ACP managing director Phil Scott told Mumbrella:

ACP has maintained a very strong employment for the last couple of years. We’re going through an end of financial year review and the numbers involved are less than one per cent of total headcount and most companies do that routinely so we’re no exception in tightening conditions. It’s by no means a major move such as those that Fairfax have made and I believe Pacific made prior to Christmas.

He was quoted in the paper as saying the job losses were “not substantial” and were “a normal part of business”.

He added that the issues facing magazines were cyclical rather than structural and the changes were “well communicated” to staff.

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