News

News Corp Australia canvasses staff on voluntary redundancies

News Corp Australia has begun approaching staff to gauge interest in voluntary redundancies after it was revealed the company would be seeking to make $40m in cuts from its local operations, the Australian Financial Review has reported.

News Corp Australia

The cuts were announced earlier this month after it was revealed advertising revenues for the quarter had declined 7%, or approximately 11% in local currency.

The union representing journalists promptly called on the publisher to confirm there would be no forced redundancies and, according to the Australian Financial Review, the Media Entertainment and Arts Alliance (MEAA) have said it has become aware that management has begun canvassing staff about voluntary redundancies.

The AFR reports the MEAA letter to staff, issued yesterday, reads: “Don’t do it alone. If you are contacted about a redundancy you have the right have a representative present when the discussion takes place.”

News Corp and MEAA have been approached for comment.

ADVERTISEMENT

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.