Johnston Press to start new round of redundancies
Published 02/08/2010 | 05:00
JOHNSTON Press, the Scottish newspaper publisher which owns the 'Kilkenny People', the 'Leinster Leader' and the 'Limerick Leader', has announced a new round of redundancies.
The company told employees at several titles last week that their jobs were being cut as part of a new round of cost savings. Spokeswoman Jayne Cameron declined to comment on the scope of the cuts when contacted by this newspaper.
Johnston Press wrote down the value of its Irish regional newspaper titles by 77pc in just two years, following a €155m spending spree earlier this decade which cobbled together Ireland's largest regional newspaper publishers. The company tried to sell the titles last year but did not get a high enough offer. The group, which is quoted on the London Stock Exchange, later sold one title, the 'Tallaght Echo' to founder David Kennedy.
'The Kilkenny People' was among the titles hit by the most recent cost-cutting measures, despite the closure of a printing press in the city last year with the loss of 46 jobs as part of a £55m (€66m) group-wide cost- cutting programme.
The news comes after Jean Long was appointed to run the company's Irish divisions north and south of the border where she now controls 42 titles.