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News Limited boss to staff: Hold tight for management shakeup

News Limited boss Kim Williams has told staff to expect an announcement on a major organisational shakeup in about a fortnight’s time.

This morning he sent an all-staff email after reports – including from the company’s own The Australian – that the announcement would be as soon as today. The move is expected to include hundreds of job losses.

The memo:

Many will have read recent, inaccurate reports about an announcement by me being made today as to changes in the company. Those reports are misinformed and speculative, based on nothing other than rumour.

As I have indicated previously I have been working with my Executive colleagues in shaping a reformed approach to the management of the company to ensure we continue as a leader in Australian media delivery.

As with all such announcements it is important that the settings are right, the planning comprehensive and the communications open and direct to everyone in the company.

I undertake that when the plan is complete and ready for delivery I will be informing our own people first. I will be doing so as helpfully and openly as possible.

I expect that announcement will be ready in two or so weeks’ time and look forward to outlining the plans then.

No doubt there will continue to be speculative comment but I would encourage everyone to hold tight and wait until you here directly from me and my colleagues.

With all my very best wishes,

Kim

 

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