Media Wales set to make another 14 jobs redundant
Trinity Mirror subsidiary Media Wales has announced that 14 jobs will be made redundant, just months after it cut 28 editorial jobs.
The publisher of the Western Mail, the South Wales Echo and Wales on Sunday, will look to cut the role of two photographers, two online producers and one night production leader, while nine redundancies will also be made in the advertising department, the NUJ has said.
Martin Shipton, chair of the Trinity Mirror Group Chapel, said: "This latest redundancy announcement is particularly shocking, coming after the 23 full-time equivalent editorial job cuts announced in July. It suggests a degree of panic within Trinity Mirror, and confirms the fears we expressed last week at the National Assembly's inquiry into the future outlook for the media in Wales.
"We accept that advertising revenue has plummeted this year as a result of the weakness of the Welsh economy, but we are shocked that Trinity Mirror did not provide itself with a financial cushion in the last decade when it was making very high profits. Since devolution in 1999, Trinity Mirror has extracted £161m in pre-tax profits from Media Wales. Where has the money gone?
"We now have a ritual where huge "savings", Trinity Mirror's euphemism for savage cuts, are announced before the annual shareholders' meeting. This year it was £25m. If a similar level of cuts is announced next year, we fear for the future of flagship titles."