News Corp Australia makes 15 job cuts, plus further voluntary redundancies
News Corp Australia has made 15 involuntary redundancies this week, including several further voluntary redundancies.
In a statement from the MEAA, News Corp announced redundancies across The Australian (five positions), Daily Telegraph (two positions), Herald Sun (three positions), News Network (two positions), and COPE (three positions). In addition, there have been several further voluntary redundancies.
The MEAA said this decision comes at a time when members are already being expected to “do more with less”.
“For members impacted by this announcement, you have the right to have a support person with you in meetings, and if you are not available for scheduled meetings, you are able to find a time that is suitable and works for you,” the union wrote. “MEAA organisers have been assisting with these meetings over recent days.”
MEAA director of media, Adam Portelli told Mumbrella: “These redundancies came with no notice, no consultation, and no respect.
“At a time when members are already being expected to do more with less, News Corp has decided to cut staffing further, even while it scores huge payouts from Google and Facebook and increases its profits.”
“Ultimately, these cuts mean that readers lose out,” he said.
Mumbrella contacted News Corp, but the company declined to comment.
Last week, News Corp reported a record revenue spike, up 11% to AU$14.9 billion.
Net income for the year to June was $US760 million (A$1.08 billion), a 95% lift from the $US389 million (A$556 million) of the prior year.
News Corp (NWS) shares are trading on the ASX at $A25.90 as of 24 August, with a market cap of US$15.08 billion (A$21.76 billion).
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Adam Portelli
COPE
Daily Telegraph
Herald Sun
MEAA
News Corp
News Network
redundancies
The Australian
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