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By February 14, 2018 Read More →

HARRY MOTTRAM FREELANCE JOURNALIST: Jobs on the line over the marriage of political opposites with the Mirror Express deal (and Trinity Mirror’s £2m a year CEO says duplication will see cuts – but it’s good for shareholders)

Marriage of opposites: the left leaning Mirror and the right leaning Express are now owed by Trinity Mirror

Marriage of opposites: the left leaning Mirror and the right leaning Express are now owed by Trinity Mirror

Despite the reassurances from both Unite and Trinity Mirror, there is little belief amongst workers at the media group that the purchase of Northern and Shell will not result in job cuts. It sees the publisher of the Daily Mirror takeover the Daily Express and other titles, with more redundancies likely.

Harry Mottram reports

A year ago, Trinity Mirror made 78 redundancies in its regional newspapers with 40 more in September and more again just before Christmas, while some local titles were shut down altogether.
The acquisition of Northern and Shell will see yet more job cuts in Trinity Mirror with so-called duplication being the main reason for redundancies. Print Weekly reported Unite’s Louisa Bull claiming that print workers’ jobs may not be affected with expected cuts expected amongst ‘white collar’ workers in editorial. This suggestion may ring hollow as the Mirror have shut print plants in Newcastle-upon-Tyne and in Wales in the last two years with the loss of scores of print jobs.
The Times reported last week that: “Significant job losses are expected after the owner of the Daily Mirror agreed to pay £126.7m for titles including the Daily Express, the Daily Star, and OK! magazine. In one of the most significant deals in the newspaper industry in decades, Trinity Mirror is buying the publishing assets of Northern and Shell, owned by Richard Desmond.”

Significant job losses are expected after the owner of the Daily Mirror agreed to pay £126.7m for titles including the Daily Express, the Daily Star, and OK! magazine

It went on to say that Simon Fox, chief executive of Trinity Mirror, (who earns in salary and benefits around £2m a year), says: “Job cuts are inevitable as the company seeks savings of £20m a year.” One worker who wished to remain anonymous told Print Monthly that workers had been reassured of job security in October in one Trinity Mirror centre only to be made redundant a month later.
The National Union of Journalists’ Michelle Stanistreet comments: “The NUJ is concerned that Trinity Mirror, with its long record of making cuts to its newspapers, will not be the knight on the white horse they were hoping for.”
Fox comments: “This deal is a really exciting moment in Trinity Mirror’s history, combining some of the most iconic titles in the UK media industry. It is good for our readers, good for our customers, and good for our shareholders. Northern and Shell’s titles have a large and loyal readership, a growing digital presence and a stable revenue mix and offer an excellent fit with Trinity Mirror.”
The deal sees the left leaning Daily Mirror and the right leaning Brexit supporting Express owned by Trinity Mirror, who will also acquire the Daily Star and magazines such as OK! but not Richard Desmond’s stable of porn magazine titles as they were sold in 2004.
For more stories about the printing industry visit:

http://www.printmonthly.co.uk/News/Business/6382/jobs-on-the-line-over-trinity-mirror-deal

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