Reach, which counts national titles as well as regional papers and websites such as the Manchester Evening News and the Liverpool Echo in its stable, said in July that the cost of printing newspapers had soared by 60% due to high energy prices.
Reach warned today that inflation would continue to drag into 2024 and it would need to reduce operating costs by 5-6% again, on top of the 5-6% it was on track to cut this year. A spokesperson for Reach, which currently employs about 4,500 people, said the proposed job cuts would be across the board in both editorial and commercial roles, and came on top of the 330 redundancies made so far this year.
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