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More bad news for 'depleted' staff at loss-making Independent Newspapers | Business

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More bad news for 'depleted' staff at loss-making Independent Newspapers | Business
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Staff at Independent Newspapers are 'depleted' after learning that at least 40% of the workforce will be axed. Employees have also been told that they will only receive 70% of their salaries this month. | News24_Business

For months the leadership of SA's largest print media group, Independent Newspapers, has been warning staff that it needed to drastically cut costs to stay operational. that the company plans to cut"at least" 40% of its workforce.

Previous rounds of cost cutting had not resulted in the type of savings the group had hoped to see."Courageous difficult decisions" now needed to be taken, said Independent Media's CEO Takudzwa Hove. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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Independent Newspapers set to cut at least 40% of its staff | BusinessIndependent Newspapers set to cut at least 40% of its staff | BusinessIndependent Newspapers, the publisher of titles such as The Cape Times, The Star, Isolezwe and The Mercury, has announced it is now looking to cut 'at least' 40% of its staff in a bid to save costs. | News24_Business
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