By Des Cryan in Dublin
The Irish Times is to introduce a voluntary redundancy package as
part of a plan to seek cost savings of €4.5m by the end of the year.
It is aiming to reduce staff numbers by the “financial equivalent” of 35 to 40 employees.
In
a statement the company said it had to act prudently now when the paper
was performing well editorially and commercially in order to guard
against a repeat of the financial crisis that threatened its viability
three years ago.
Related
As part of its development programme, the Irish Times has launched international editions in London and Spain.
●
Meanwhile, Independent News and Media has agreed a 15-year printing
deal in Dublin with News International under which it will publish a
range of News International titles via its Belfast Telegraph subsidiary.
The contract is estimated to be worth in excess of €5m a year.
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