A company that supplies copy-editing services to the newspaper and magazine industry, including Independent News & Media, is to close its Dublin operation with the loss of 50 jobs.
Journalists at the editorial outsourcing company Real-time Editing and Design Ltd (RE&D) were told the news yesterday by managing director Terry Kavanagh.
Independent News & Media, which plans changes to the way its newspapers are produced, decided not to renew its contract with the company, prompting the decision to close the Dublin operation with the loss of the majority of the jobs at RE&D, Mr Kavanagh said.
A small number of executives with the company will transfer remaining operations to Belfast.
The Independent Chapel of the National Union of Journalists issued a statement to members saying they viewed the decision with "great concern".
In a statement the chapel said that they will be meeting with INM management later to discuss the proposals.
RE&D staff who will lose their jobs will receive a redundancy package of one week's pay per year of service plus statutory entitlements.
The first job losses will take place in March with the operation in Dublin scheduled to shut down by July.
Mr Kavanagh said that he wanted to place on record his thanks and gratitude to staff for their hard work and dedication over the last number of years.