Future begins consultation on 55 redundancies

Specialist publisher Future announced today that it is to make 55 redundancies in the UK.

Press Gazette understands that some editorial staff will be affected but that the focus is on back-office functions and central services for the business.

Chief executive Mark Wood said in a statement: “As we announced in July, we are restructuring Future in the UK to adapt it more effectively to the company's rapid transition to a primarily digital business model. The consultation process on the job cuts is expected to last a month.

“Future is now seen as a leading player in the digital media revolution and approaching 60% of our advertising now comes from digital markets. As Future becomes an increasingly digital business, we need to reduce costs and staff levels devoted to print products and downsize back office and support activities. 

“As a result, we are carrying out a redundancy programme which will affect selected, but limited areas of the company. This programme will involve 55 redundancies and the removal of an additional number of vacant posts.”

In July future axed the title of 'publisher' as it created a number of new head of business positions.

 

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